The matter pertains to IA No.120/2020 in CP No.(IB)189/ALD/2019. The application has been filed under Regulation 30 of the Insolvency Resolution Process for Corporate Persons Regulations, 2016, read with sections 17, 18 & 19 of the IBC, 2016. The application seeks a direction to the local administration/District Magistrate, Ranipet, to assist the IRP in taking over the possession of the Plant of Leel Electricals Ltd. situated at Plot No.S-21 & 22 Non SEZ, Phase III, Sipcot Road, Mugundarayapuram, Ranipet, Vellore District, Tamilnadu.
The matter concerns an application (IA No.120/2020) filed under Regulation 30 of the Insolvency Resolution Process for Corporate Persons Regulations, 2016, read with sections 17, 18 & 19 of the IBC, 2016. The applicant, the IRP, seeks a direction to the local administration/District Magistrate, Ranipet, to assist in taking possession of the plant of Leel Electricals Ltd. located in Ranipet, Vellore District, Tamilnadu. The local administration has not been made a party to the application. The IRP's counsel states that an application has already been moved before the local authorities for necessary directions.
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The matter pertains to IA No.120/2020 in CP No.(IB)189/ALD/2019. The application has been filed under Regulation 30 of the Insolvency Resolution Process for Corporate Persons Regulations, 2016, read with sections 17, 18 & 19 of the IBC, 2016. The application seeks a direction to the local administration/District Magistrate, Ranipet, to assist the IRP in taking over the possession of the Plant of Leel Electricals Ltd. situated at Plot No.S-21 & 22 Non SEZ, Phase III, Sipcot Road, Mugundarayapuram, Ranipet, Vellore District, Tamilnadu.
The matter concerns an application (IA No.120/2020) filed under Regulation 30 of the Insolvency Resolution Process for Corporate Persons Regulations, 2016, read with sections 17, 18 & 19 of the IBC, 2016. The applicant, the IRP, seeks a direction to the local administration/District Magistrate, Ranipet, to assist in taking possession of the plant of Leel Electricals Ltd. located in Ranipet, Vellore District, Tamilnadu. The local administration has not been made a party to the application. The IRP's counsel states that an application has already been moved before the local authorities for necessary directions.
The matter was taken up…
The matter is to be put…