The case pertains to an application filed under Section 10 of the Insolvency and Bankruptcy Code, 2016, by Shri Bhawani Paper Mills Limited, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The application was filed before the Allahabad Bench of the National Company Law Tribunal (NCLT).
Shri Bhawani Paper Mills Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The application was filed before the Allahabad Bench of the National Company Law Tribunal (NCLT). J.M. Financial Assets Reconstruction Company Ltd., a secured creditor, expressed no objection to the admission of the insolvency application. However, Financial Creditor (Bank of Baroda) raised some procedural/legal objection regarding maintainability and completeness of the present Application. Shri Rahul Chaudhary, Advocate filed a Civil Misc. (Interlocutory) Application No.3 of 2018, by which, he has brought on a record chart showing Particulars of Security, Date of its Creation and
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Civil Misc. (Interlocutory) Application No.3…
The NCLT admitted the application under…
The case pertains to an application filed under Section 10 of the Insolvency and Bankruptcy Code, 2016, by Shri Bhawani Paper Mills Limited, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The application was filed before the Allahabad Bench of the National Company Law Tribunal (NCLT).
Shri Bhawani Paper Mills Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The application was filed before the Allahabad Bench of the National Company Law Tribunal (NCLT). J.M. Financial Assets Reconstruction Company Ltd., a secured creditor, expressed no objection to the admission of the insolvency application. However, Financial Creditor (Bank of Baroda) raised some procedural/legal objection regarding maintainability and completeness of the present Application. Shri Rahul Chaudhary, Advocate filed a Civil Misc. (Interlocutory) Application No.3 of 2018, by which, he has brought on a record chart showing Particulars of Security, Date of its Creation and
…Civil Misc. (Interlocutory) Application No.3…
The NCLT admitted the application under…