The case pertains to CP(IB)164(MB)/2019 before the National Company Law Tribunal (NCLT), Mumbai Bench. Punjab National Bank filed a case against Gokul Sugar Industries Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016. The matter is related to insolvency proceedings.
Punjab National Bank initiated insolvency proceedings against Gokul Sugar Industries Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016. Settlement talks are in progress between the parties. Gokul Sugar Industries Ltd submitted an OTS proposal to Punjab National Bank. Punjab National Bank received a partial payment of Rs. 13.5 crores. The court directed Punjab National Bank to file consent terms within ten days if a settlement is reached. The case was listed for filing a settlement agreement or admission on 2019-05-01.
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Hearing of Mumbai Bench…
Case listed fo…
The case pertains to CP(IB)164(MB)/2019 before the National Company Law Tribunal (NCLT), Mumbai Bench. Punjab National Bank filed a case against Gokul Sugar Industries Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016. The matter is related to insolvency proceedings.
Punjab National Bank initiated insolvency proceedings against Gokul Sugar Industries Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016. Settlement talks are in progress between the parties. Gokul Sugar Industries Ltd submitted an OTS proposal to Punjab National Bank. Punjab National Bank received a partial payment of Rs. 13.5 crores. The court directed Punjab National Bank to file consent terms within ten days if a settlement is reached. The case was listed for filing a settlement agreement or admission on 2019-05-01.
Hearing of Mumbai Bench…
Case listed fo…