The case involves a resolution plan presented for approval before the National Company Law Tribunal (NCLT), New Delhi Bench. The resolution plan addresses the outstanding dues to the Oriental Bank of Commerce, the sole financial creditor in this case. The plan proposes to repay the amount due to the bank by June 2018 through the sale of a property.
The case involves M/s Steel India Corporation Vs. M/s Shree Radha Raman Packaging Pvt. Ltd. A resolution plan has been proposed to address the outstanding dues to Oriental Bank of Commerce, which is the only financial creditor. The resolution plan proposes to repay the amount due to the bank by June 2018 through the sale of property located at 22/17/2, Industrial Area, Nathu Pur, Sonepat, measuring 2420 sq. yards to M/s. S. K. Auto Components. The total agreed purchase price is Rs. 245 lakhs, which will cover the payment of Rs. 95 lakhs to the Bank. Mr. Mukul Sahay, AGM, Oriental Bank of Commerce, was present in court and had no objections to the terms and conditions of the resolution plan.
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Hearing before the New…
The amount due to…
The case involves a resolution plan presented for approval before the National Company Law Tribunal (NCLT), New Delhi Bench. The resolution plan addresses the outstanding dues to the Oriental Bank of Commerce, the sole financial creditor in this case. The plan proposes to repay the amount due to the bank by June 2018 through the sale of a property.
The case involves M/s Steel India Corporation Vs. M/s Shree Radha Raman Packaging Pvt. Ltd. A resolution plan has been proposed to address the outstanding dues to Oriental Bank of Commerce, which is the only financial creditor. The resolution plan proposes to repay the amount due to the bank by June 2018 through the sale of property located at 22/17/2, Industrial Area, Nathu Pur, Sonepat, measuring 2420 sq. yards to M/s. S. K. Auto Components. The total agreed purchase price is Rs. 245 lakhs, which will cover the payment of Rs. 95 lakhs to the Bank. Mr. Mukul Sahay, AGM, Oriental Bank of Commerce, was present in court and had no objections to the terms and conditions of the resolution plan.
Hearing before the New…
The amount due to…