The Interlocutory Application was filed by the Resolution Professional of Wind World (India) Ltd, the Corporate Debtor, under Sections 60(5) and 14 of the Insolvency and Bankruptcy Code, 2016, seeking directions against IDBI Bank Ltd and the Mining Engineer (Recovery) Mines and Geology Department, Jaisalmer, for contravention of the moratorium under Section 14(1)(a) of the IBC.
CIRP was initiated against Wind World (India) Ltd on 20.02.2018.
The Applicant (Wind World (India) Ltd) filed an application seeking to lift the liens placed on its bank accounts by the Respondents during the CIRP.
IDBI Bank Ltd placed liens on the Applicant's accounts based on orders from the Mining Engineer (Recovery), Mines and Geology Department, Jaisalmer.
The Mining Engineer claimed that Wind World (India) Ltd had carried out illegal mining and owed royalty payments.
The Applicant argued that the liens violated the moratorium under Section 14 of the IBC.
The Respondent No.2 filed its claim belatedly vide Form B submitted on 07.02.2025
The Hon'ble NCLAT passed an interim order staying the consequence and effect of order passed by this Bench on 30.09.2022.
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CIRP commence…
The present Interlocutor…
The Interlocutory Application was filed by the Resolution Professional of Wind World (India) Ltd, the Corporate Debtor, under Sections 60(5) and 14 of the Insolvency and Bankruptcy Code, 2016, seeking directions against IDBI Bank Ltd and the Mining Engineer (Recovery) Mines and Geology Department, Jaisalmer, for contravention of the moratorium under Section 14(1)(a) of the IBC.
CIRP was initiated against Wind World (India) Ltd on 20.02.2018.
The Applicant (Wind World (India) Ltd) filed an application seeking to lift the liens placed on its bank accounts by the Respondents during the CIRP.
IDBI Bank Ltd placed liens on the Applicant's accounts based on orders from the Mining Engineer (Recovery), Mines and Geology Department, Jaisalmer.
The Mining Engineer claimed that Wind World (India) Ltd had carried out illegal mining and owed royalty payments.
The Applicant argued that the liens violated the moratorium under Section 14 of the IBC.
The Respondent No.2 filed its claim belatedly vide Form B submitted on 07.02.2025
The Hon'ble NCLAT passed an interim order staying the consequence and effect of order passed by this Bench on 30.09.2022.
CIRP commence…
The present Interlocutor…