The case involves an order passed by the Hon'ble NCLAT in Company Appeal No. 710 of 2019, which set aside a previous order and directed the NCLT to close the main petition, IB 464 of 2017. The NCLAT order also addressed the handover of assets and records by the Interim Resolution Professional/RP to the Promoter/Board of Directors of the Corporate Debtor, Jeevan Jyoti Vanijya Ltd., and the settlement of IRP/RP and CIRP costs.
M/s. Nimit Builders Pvt. Ltd. filed an application against M/s. Jeevan Jyoti Vanijya Ltd. under Section 7 of the IBC code 2016. The Hon'ble NCLAT passed an order in Company Appeal No. 710 of 2019, setting aside the order impugned and directing the NCLT to close the main petition (IB 464 of 2017). The NCLAT order also stipulated that the Interim Resolution Professional/RP should hand over the assets and records of the company to the Promoter/Board of Directors of the Corporate Debtor, Jeevan Jyoti Vanijya Ltd. The fee of the IRP/RP and the CIRP cost incurred will be settled by the authority and paid by the Financial Creditor, who initiated the Section 7 application. The NCLT directed the registry to issue notice to the Financial Creditor, M/s Nimit Builders Pvt. Ltd.,
…Sign in to view the parties.
IB 464 of 201…
The Hon'ble NCLAT passed an order in Company…
Sign in to view related legal provisions.
The case involves an order passed by the Hon'ble NCLAT in Company Appeal No. 710 of 2019, which set aside a previous order and directed the NCLT to close the main petition, IB 464 of 2017. The NCLAT order also addressed the handover of assets and records by the Interim Resolution Professional/RP to the Promoter/Board of Directors of the Corporate Debtor, Jeevan Jyoti Vanijya Ltd., and the settlement of IRP/RP and CIRP costs.
M/s. Nimit Builders Pvt. Ltd. filed an application against M/s. Jeevan Jyoti Vanijya Ltd. under Section 7 of the IBC code 2016. The Hon'ble NCLAT passed an order in Company Appeal No. 710 of 2019, setting aside the order impugned and directing the NCLT to close the main petition (IB 464 of 2017). The NCLAT order also stipulated that the Interim Resolution Professional/RP should hand over the assets and records of the company to the Promoter/Board of Directors of the Corporate Debtor, Jeevan Jyoti Vanijya Ltd. The fee of the IRP/RP and the CIRP cost incurred will be settled by the authority and paid by the Financial Creditor, who initiated the Section 7 application. The NCLT directed the registry to issue notice to the Financial Creditor, M/s Nimit Builders Pvt. Ltd.,
…IB 464 of 201…
The Hon'ble NCLAT passed an order in Company…
Sign in to view related legal provisions.