The Board of Trustees for the Port of Kolkata appealed against part of an order dated May 4, 2018, passed by the National Company Law Tribunal, Kolkata Bench. The original order directed Kolkata Port Trust (KOPT) to cooperate with the Liquidator in the valuation of assets, but restricted the Liquidator from entering the premises to take valuation. The Liquidator filed CA(IB) No. 225/KB/2018.
The Board of Trustees for the Port of Kolkata filed an appeal against a portion of an order issued on May 4, 2018, by the National Company Law Tribunal (NCLT), Kolkata Bench. The NCLT order pertained to CA(IB) No. 225/KB/2018, filed by the Liquidator, which directed Kolkata Port Trust (KOPT) to cooperate with the Liquidator in the valuation of assets. However, the NCLT order restricted the Liquidator from entering the premises to conduct the valuation. The Liquidator argued that KOPT had not responded despite being given more than a month. The appellate tribunal found merit in the Liquidator's submissions and directed KOPT to cooperate with the Liquidator in the valuation of assets. The tribunal allowed the Liquidator to conduct the valuation freely in the presence of
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National Company Law Tribunal, Kolkata Bench,…
The Board of Trustees for the Port of Kolkata…
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The Board of Trustees for the Port of Kolkata appealed against part of an order dated May 4, 2018, passed by the National Company Law Tribunal, Kolkata Bench. The original order directed Kolkata Port Trust (KOPT) to cooperate with the Liquidator in the valuation of assets, but restricted the Liquidator from entering the premises to take valuation. The Liquidator filed CA(IB) No. 225/KB/2018.
The Board of Trustees for the Port of Kolkata filed an appeal against a portion of an order issued on May 4, 2018, by the National Company Law Tribunal (NCLT), Kolkata Bench. The NCLT order pertained to CA(IB) No. 225/KB/2018, filed by the Liquidator, which directed Kolkata Port Trust (KOPT) to cooperate with the Liquidator in the valuation of assets. However, the NCLT order restricted the Liquidator from entering the premises to conduct the valuation. The Liquidator argued that KOPT had not responded despite being given more than a month. The appellate tribunal found merit in the Liquidator's submissions and directed KOPT to cooperate with the Liquidator in the valuation of assets. The tribunal allowed the Liquidator to conduct the valuation freely in the presence of
…National Company Law Tribunal, Kolkata Bench,…
The Board of Trustees for the Port of Kolkata…
Sign in to view related legal provisions.