The case involves Company Appeals (AT) (Insolvency) Nos. 724, 725, and 870 of 2019 before the National Company Law Appellate Tribunal (NCLAT). Liberty House Group Pte. Ltd., as the 'Successful Resolution Applicant' for Adhunik Metaliks Ltd. and Zion Steel Ltd. (both Corporate Debtors), filed an affidavit seeking permission to comply with the resolution plans. The appeals arise from orders related to the liquidation of Adhunik Metaliks Ltd. and Zion Steel Ltd.
Liberty House Group Pte. Ltd. was the 'Successful Resolution Applicant' for Adhunik Metaliks Ltd. and Zion Steel Ltd., both of which are 'Corporate Debtors'. Liberty House filed an affidavit seeking permission to comply with the resolution plans for these companies. The resolution plans had been approved by the Adjudicating Authority, Kolkata, on July 17, 2018, and July 10, 2018, respectively, without modifications. The payment to financial creditors for Adhunik was Rs. 410 Crores, and for Zion, it was Rs. 15 Crores. Liberty House had already deposited Rs. 50 Crores for Adhunik and Rs. 5 Crores for Zion. The proposal was for Liberty House to deposit the remaining amounts (Rs. 360 crores for Adhunik and Rs. 10 crores for Zion) within three weeks of the NCLAT order. The
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The case involves Company Appeals (AT) (Insolvency) Nos. 724, 725, and 870 of 2019 before the National Company Law Appellate Tribunal (NCLAT). Liberty House Group Pte. Ltd., as the 'Successful Resolution Applicant' for Adhunik Metaliks Ltd. and Zion Steel Ltd. (both Corporate Debtors), filed an affidavit seeking permission to comply with the resolution plans. The appeals arise from orders related to the liquidation of Adhunik Metaliks Ltd. and Zion Steel Ltd.
Liberty House Group Pte. Ltd. was the 'Successful Resolution Applicant' for Adhunik Metaliks Ltd. and Zion Steel Ltd., both of which are 'Corporate Debtors'. Liberty House filed an affidavit seeking permission to comply with the resolution plans for these companies. The resolution plans had been approved by the Adjudicating Authority, Kolkata, on July 17, 2018, and July 10, 2018, respectively, without modifications. The payment to financial creditors for Adhunik was Rs. 410 Crores, and for Zion, it was Rs. 15 Crores. Liberty House had already deposited Rs. 50 Crores for Adhunik and Rs. 5 Crores for Zion. The proposal was for Liberty House to deposit the remaining amounts (Rs. 360 crores for Adhunik and Rs. 10 crores for Zion) within three weeks of the NCLAT order. The
…The Ld. Adjudicating Authority, Kolkata,…
The Ld. Adjudicating Authority, Kolkata,…
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