West Bengal Housing Infrastructure Development Corporation Ltd. filed an appeal against the rejection of its application (IA No. 1763 of 2019) by the National Company Law Tribunal (NCLT), Kolkata, concerning a leasehold property.
West Bengal Housing Infrastructure Development Corporation Ltd. (WBHIDCO) granted a lease of land to Concast Ispat Ltd. (CIL) for 99 years.
CIL was amalgamated with Concast Steel and Power Limited (CSPL) on November 26, 2015.
WBHIDCO claimed it did not grant approval for the transfer of the land from CIL to CSPL.
The liquidator of CSPL advertised the land for sale as part of the liquidation estate.
WBHIDCO filed an application (IA No. 1763 of 2019) before the NCLT Kolkata seeking directions, which was rejected.
The amalgamation order was rectified on September 14, 2018, to include the subject land.
WBHIDCO was informed about the amalgamation and the rectification of the order.
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West Bengal Housing Infrastructure Development Corporation Ltd. filed an appeal against the rejection of its application (IA No. 1763 of 2019) by the National Company Law Tribunal (NCLT), Kolkata, concerning a leasehold property.
West Bengal Housing Infrastructure Development Corporation Ltd. (WBHIDCO) granted a lease of land to Concast Ispat Ltd. (CIL) for 99 years.
CIL was amalgamated with Concast Steel and Power Limited (CSPL) on November 26, 2015.
WBHIDCO claimed it did not grant approval for the transfer of the land from CIL to CSPL.
The liquidator of CSPL advertised the land for sale as part of the liquidation estate.
WBHIDCO filed an application (IA No. 1763 of 2019) before the NCLT Kolkata seeking directions, which was rejected.
The amalgamation order was rectified on September 14, 2018, to include the subject land.
WBHIDCO was informed about the amalgamation and the rectification of the order.
…Order passed by the 'Adjudicating Authority'…
Date of the le…