The case involves an application before the National Company Law Tribunal (NCLT), Chennai, concerning the corporate insolvency resolution process of Haldia Petrochemicals Ltd. The liquidator, V. Mahesh, sought permission to share the Asset Memorandum with prospective bidders after receiving responses to the invitation for expression of interest. An order from the NCLAT in Company Appeal (AT) Nos. 74 & 75 of 2019 granted the appellant liberty to submit a scheme or revised scheme.
Haldia Petrochemicals Ltd. is undergoing a corporate insolvency resolution process. V. Mahesh is the liquidator for Nagarjuna Oil Corp Ltd (NOCL). The liquidator sought permission from the NCLT to share the 'Asset Memorandum' with prospective bidders, citing responses received to the 'invitation of expression of interest'. An NCLAT order dated 2019-07-23 granted the appellant liberty to submit a scheme or revised scheme. The liquidator's request was based on Regulation 34(5) of the IBBI, Liquidation Process Regulation, 2016. The NCLT granted permission for sharing the Asset Memorandum, contingent on fulfilling the conditions for filing the EOI.
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TCP/10/IB/2017…
NCLAT passed an order in Company Appeal (AT)…
The case involves an application before the National Company Law Tribunal (NCLT), Chennai, concerning the corporate insolvency resolution process of Haldia Petrochemicals Ltd. The liquidator, V. Mahesh, sought permission to share the Asset Memorandum with prospective bidders after receiving responses to the invitation for expression of interest. An order from the NCLAT in Company Appeal (AT) Nos. 74 & 75 of 2019 granted the appellant liberty to submit a scheme or revised scheme.
Haldia Petrochemicals Ltd. is undergoing a corporate insolvency resolution process. V. Mahesh is the liquidator for Nagarjuna Oil Corp Ltd (NOCL). The liquidator sought permission from the NCLT to share the 'Asset Memorandum' with prospective bidders, citing responses received to the 'invitation of expression of interest'. An NCLAT order dated 2019-07-23 granted the appellant liberty to submit a scheme or revised scheme. The liquidator's request was based on Regulation 34(5) of the IBBI, Liquidation Process Regulation, 2016. The NCLT granted permission for sharing the Asset Memorandum, contingent on fulfilling the conditions for filing the EOI.
TCP/10/IB/2017…
NCLAT passed an order in Company Appeal (AT)…