The case pertains to an application filed under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) against Korba West Power Co. Ltd. The Ahmedabad Bench of the National Company Law Tribunal (NCLT) is hearing the matter. The order sheet documents the attendance of various advocates representing different parties involved in the case.
Korba West Power Co. Ltd. is the corporate debtor in this case. An application has been filed under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Ahmedabad Bench of the NCLT is hearing the case. Advocates representing Adani Power Ltd., the Petitioner, and Axis Bank are present. The court has admitted the application and declared a moratorium under Sections 13 and 14 of the IBC, prohibiting certain actions against the corporate debtor. Shri Abhijit Guhathakurtha has been appointed as the Interim Resolution Professional (IRP).
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The Ahmedabad Bench of the NCLT admitted the…
The case pertains to an application filed under Section 10 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) against Korba West Power Co. Ltd. The Ahmedabad Bench of the National Company Law Tribunal (NCLT) is hearing the matter. The order sheet documents the attendance of various advocates representing different parties involved in the case.
Korba West Power Co. Ltd. is the corporate debtor in this case. An application has been filed under Section 10 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Ahmedabad Bench of the NCLT is hearing the case. Advocates representing Adani Power Ltd., the Petitioner, and Axis Bank are present. The court has admitted the application and declared a moratorium under Sections 13 and 14 of the IBC, prohibiting certain actions against the corporate debtor. Shri Abhijit Guhathakurtha has been appointed as the Interim Resolution Professional (IRP).
The Ahmedabad Bench of the NCLT admitted the…