The case pertains to CP No.(IB) 260/ALD/2019 before the National Company Law Tribunal, Allahabad Bench. The matter involves Punjab National Bank V/s NS Papers Limited. The Financial Creditor's (FC/PNB) representative, Dr. Ram Kumar Mishra, PCMA, is present. The Adjudicating Authority had already initiated CIRP against the Corporate Debtor, 'N.S. Paper Ltd.', vide order dated 9th July, 2019, in CP NO.(IB)395/ALD/2018 and appointed Sh. Pankaj Mahajan as an IRP.
The case involves Punjab National Bank (PNB) as the Financial Creditor and 'N.S. Paper Ltd.' as the Corporate Debtor. The Adjudicating Authority had already initiated Corporate Insolvency Resolution Process (CIRP) against 'N.S. Paper Ltd.' via an order dated July 9, 2019, under CP NO.(IB)395/ALD/2018, and appointed Sh. Pankaj Mahajan as the Interim Resolution Professional (IRP). Due to this prior initiation of CIRP, the present IB petition has become infructuous. The Financial Creditor is now at liberty to file its claim before the IRP.
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The case pertains to CP No.(IB) 260/ALD/2019 before the National Company Law Tribunal, Allahabad Bench. The matter involves Punjab National Bank V/s NS Papers Limited. The Financial Creditor's (FC/PNB) representative, Dr. Ram Kumar Mishra, PCMA, is present. The Adjudicating Authority had already initiated CIRP against the Corporate Debtor, 'N.S. Paper Ltd.', vide order dated 9th July, 2019, in CP NO.(IB)395/ALD/2018 and appointed Sh. Pankaj Mahajan as an IRP.
The case involves Punjab National Bank (PNB) as the Financial Creditor and 'N.S. Paper Ltd.' as the Corporate Debtor. The Adjudicating Authority had already initiated Corporate Insolvency Resolution Process (CIRP) against 'N.S. Paper Ltd.' via an order dated July 9, 2019, under CP NO.(IB)395/ALD/2018, and appointed Sh. Pankaj Mahajan as the Interim Resolution Professional (IRP). Due to this prior initiation of CIRP, the present IB petition has become infructuous. The Financial Creditor is now at liberty to file its claim before the IRP.
Adjudicating Authority initiated CIRP…
Sh. Pankaj Mahajan was…
Sign in to view related legal provisions.