The appeals, Company Appeal (AT) (Ins) No. 794 of 2021 and Company Appeal (AT) (Ins) No. 04 of 2022, were filed under section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC). These appeals challenged the order dated 6.8.2021 passed in CA (IB) No. 58/2022, which dealt with three interlocutory applications filed in CP (IB) No. 223/ALD/2019 by the Adjudicating Authority (National Company Law Tribunal, Allahabad Bench). The applications included IA No. 199/2020, C.A. No. 57/2020, and CA No. 58/2020. CA NO. 57/2020 and CA No. 58/2020 were filed by Jhunjhunwala Oil Mills Limited (JOML) seeking direction to the Resolution Professional (RP) of the corporate debtor JVL Agro Industries Pvt. Ltd. (JVL Agro) to pay rent and vacate the premises owned by JOML. IA No. 199/2020
…JVL Agro Industries Pvt. Ltd. ('JVL Agro') underwent a Corporate Insolvency Resolution Process (CIRP) starting July 25, 2018. Jhunjhunwala Oil Mills Limited ('JOML') owned premises at Village Tilmapur, Gazipur Road, Ashapur, Varanasi ('said premises'). JVL Agro used the 'said premises' as its registered office from February 14, 2018, based on a 'no objection' from JOML. Supriyo Kumar Chaudhuri was appointed as the Resolution Professional (RP) on September 10, 2018, and later as liquidator. JOML filed CA No. 57/2020 and CA No. 58/2020 seeking rent payment and vacation of the 'said premises'. While these applications were pending, JOML placed padlocks on the 'said premises' on July 28, 2020. The RP filed CA 199 of 2020 seeking removal of the padlocks and restoration of
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JVL Agro shifted its…
Corporate Insolvency…
The appeals, Company Appeal (AT) (Ins) No. 794 of 2021 and Company Appeal (AT) (Ins) No. 04 of 2022, were filed under section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC). These appeals challenged the order dated 6.8.2021 passed in CA (IB) No. 58/2022, which dealt with three interlocutory applications filed in CP (IB) No. 223/ALD/2019 by the Adjudicating Authority (National Company Law Tribunal, Allahabad Bench). The applications included IA No. 199/2020, C.A. No. 57/2020, and CA No. 58/2020. CA NO. 57/2020 and CA No. 58/2020 were filed by Jhunjhunwala Oil Mills Limited (JOML) seeking direction to the Resolution Professional (RP) of the corporate debtor JVL Agro Industries Pvt. Ltd. (JVL Agro) to pay rent and vacate the premises owned by JOML. IA No. 199/2020
…JVL Agro Industries Pvt. Ltd. ('JVL Agro') underwent a Corporate Insolvency Resolution Process (CIRP) starting July 25, 2018. Jhunjhunwala Oil Mills Limited ('JOML') owned premises at Village Tilmapur, Gazipur Road, Ashapur, Varanasi ('said premises'). JVL Agro used the 'said premises' as its registered office from February 14, 2018, based on a 'no objection' from JOML. Supriyo Kumar Chaudhuri was appointed as the Resolution Professional (RP) on September 10, 2018, and later as liquidator. JOML filed CA No. 57/2020 and CA No. 58/2020 seeking rent payment and vacation of the 'said premises'. While these applications were pending, JOML placed padlocks on the 'said premises' on July 28, 2020. The RP filed CA 199 of 2020 seeking removal of the padlocks and restoration of
…JVL Agro shifted its…
Corporate Insolvency…