NCML Jalalabad Private Limited initiated voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016, due to the cancellation of a concession agreement with the Food Corporation of India (FCI).
NCML Jalalabad Private Limited was incorporated on January 20, 2017.
The company entered into a concession agreement with FCI for the construction, operation, and maintenance of a Silo Complex.
The concession agreement was canceled due to challenges in land acquisition and regulatory approvals.
The Board of Directors proposed voluntary liquidation.
The company filed a Declaration of Solvency.
Rajesh Panayanthatta was appointed as the Liquidator.
Public announcements were made to invite stakeholders to submit claims.
The Liquidator submitted a Preliminary Report and a Final Report.
ROC filed its report and did not raise any objection.
FCI filed an amended reply raising a financial claim, which was addressed during the hearing.
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NCML Jalalabad Private Limited initiated voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016, due to the cancellation of a concession agreement with the Food Corporation of India (FCI).
NCML Jalalabad Private Limited was incorporated on January 20, 2017.
The company entered into a concession agreement with FCI for the construction, operation, and maintenance of a Silo Complex.
The concession agreement was canceled due to challenges in land acquisition and regulatory approvals.
The Board of Directors proposed voluntary liquidation.
The company filed a Declaration of Solvency.
Rajesh Panayanthatta was appointed as the Liquidator.
Public announcements were made to invite stakeholders to submit claims.
The Liquidator submitted a Preliminary Report and a Final Report.
ROC filed its report and did not raise any objection.
FCI filed an amended reply raising a financial claim, which was addressed during the hearing.
NCML Jalalabad…
The company entered…
Sign in to view related legal provisions.