This case involves an application by the Successful Resolution Applicant seeking directions against the Registrar of Companies, Maharashtra, Mumbai, regarding statutory compliances for Metallica Industries Limited, the Corporate Debtor, which underwent Corporate Insolvency Resolution Process (CIRP). The Resolution Plan was approved on 16.10.2019. The former promoters of the Corporate Debtor were engaged in nefarious activities and criminal prosecution was initiated against them. The Corporate Debtor was involved in a real estate project. The applicant faced difficulties in implementing the resolution plan due to fraudulent actions of former promoters, complications, and the Covid-19 pandemic, leading to non-adherence to timelines and non-filing of annual returns and
…Metallica Industries Limited (Corporate Debtor) underwent CIRP via order dated 2018-04-13. The Resolution Plan was approved on 2019-10-16. The former promoters engaged in nefarious activities, leading to criminal prosecution. The Corporate Debtor was involved in a real estate project. The Applicant faced difficulties in implementing the Resolution Plan due to the actions of former promoters and the Covid-19 pandemic. The Applicant was unable to file annual returns and balance sheets prior to 2019-10-16. The Registrar of Companies (RoC) insisted on the filing of all previous annual returns and balance sheets. The Corporate Debtor initially used extensible business reporting language (XBRL) for filing. The share capital of the Company has reduced. The Applicant undertook
…Sign in to view the parties.
Metallica Industries…
The Tribunal approved…
This case involves an application by the Successful Resolution Applicant seeking directions against the Registrar of Companies, Maharashtra, Mumbai, regarding statutory compliances for Metallica Industries Limited, the Corporate Debtor, which underwent Corporate Insolvency Resolution Process (CIRP). The Resolution Plan was approved on 16.10.2019. The former promoters of the Corporate Debtor were engaged in nefarious activities and criminal prosecution was initiated against them. The Corporate Debtor was involved in a real estate project. The applicant faced difficulties in implementing the resolution plan due to fraudulent actions of former promoters, complications, and the Covid-19 pandemic, leading to non-adherence to timelines and non-filing of annual returns and
…Metallica Industries Limited (Corporate Debtor) underwent CIRP via order dated 2018-04-13. The Resolution Plan was approved on 2019-10-16. The former promoters engaged in nefarious activities, leading to criminal prosecution. The Corporate Debtor was involved in a real estate project. The Applicant faced difficulties in implementing the Resolution Plan due to the actions of former promoters and the Covid-19 pandemic. The Applicant was unable to file annual returns and balance sheets prior to 2019-10-16. The Registrar of Companies (RoC) insisted on the filing of all previous annual returns and balance sheets. The Corporate Debtor initially used extensible business reporting language (XBRL) for filing. The share capital of the Company has reduced. The Applicant undertook
…Metallica Industries…
The Tribunal approved…