Hubei Tiandi Heavy Industries Co. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against L&T - SUCG JV CC27 Delhi, claiming to be an operational creditor. The petition was filed before the National Company Law Tribunal (NCLT), Principal Bench, New Delhi. The respondent, L&T - SUCG JV CC27 Delhi, argued that the NCLT at New Delhi lacked territorial jurisdiction as the joint venture was unincorporated and neither of the parent companies had registered offices within the NCLT's jurisdiction. The respondent also contended that it was not an incorporated entity registered with the Registrar of Companies.
Hubei Tiandi Heavy Industries Co. Ltd. (the Petitioner) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against L&T - SUCG JV CC27 Delhi (the Respondent), claiming to be an operational creditor. The Respondent, L&T - SUCG JV CC27 Delhi, is a joint venture between Larsen & Turbo Limited and Shanghai Urban Construction (Group) Corporation. The Respondent argued that the NCLT at New Delhi lacked territorial jurisdiction because the joint venture is unincorporated, and neither parent company has a registered office within the NCLT's jurisdiction. The Respondent also submitted that it is not an incorporated entity registered with the Registrar of Companies (ROC). The
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Hubei Tiandi Heavy Industries Co. Ltd. filed a…
The NCLT dismissed the petition, holding that…
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Hubei Tiandi Heavy Industries Co. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against L&T - SUCG JV CC27 Delhi, claiming to be an operational creditor. The petition was filed before the National Company Law Tribunal (NCLT), Principal Bench, New Delhi. The respondent, L&T - SUCG JV CC27 Delhi, argued that the NCLT at New Delhi lacked territorial jurisdiction as the joint venture was unincorporated and neither of the parent companies had registered offices within the NCLT's jurisdiction. The respondent also contended that it was not an incorporated entity registered with the Registrar of Companies.
Hubei Tiandi Heavy Industries Co. Ltd. (the Petitioner) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against L&T - SUCG JV CC27 Delhi (the Respondent), claiming to be an operational creditor. The Respondent, L&T - SUCG JV CC27 Delhi, is a joint venture between Larsen & Turbo Limited and Shanghai Urban Construction (Group) Corporation. The Respondent argued that the NCLT at New Delhi lacked territorial jurisdiction because the joint venture is unincorporated, and neither parent company has a registered office within the NCLT's jurisdiction. The Respondent also submitted that it is not an incorporated entity registered with the Registrar of Companies (ROC). The
…Hubei Tiandi Heavy Industries Co. Ltd. filed a…
The NCLT dismissed the petition, holding that…
Sign in to view related legal provisions.