The case involves a hearing before the New Delhi Bench of the National Company Law Tribunal on April 4, 2019. The matter pertains to M/s. Mehta Tubes Ltd. versus M/s. NSP Hospitech India Ltd. A reply has been filed by the Ex-Director, and the Resolution Professional (RP) submitted that an immovable property is reflected in the balance sheet of the Corporate Debtor, but the title deeds are in the names of the Directors.
The case involves M/s. Mehta Tubes Ltd. versus M/s. NSP Hospitech India Ltd. During the proceedings, the Resolution Professional (RP) submitted that an immovable property is reflected in the balance sheet of the Corporate Debtor, M/s. NSP Hospitech India Ltd. However, the title deeds for this property are executed in the names of the Directors, creating a discrepancy. The Ex-Director has filed a reply. The court is addressing this discrepancy to ensure the Corporate Debtor's assets are properly accounted for and controlled.
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Hearing before the New…
The case involves a hearing before the New Delhi Bench of the National Company Law Tribunal on April 4, 2019. The matter pertains to M/s. Mehta Tubes Ltd. versus M/s. NSP Hospitech India Ltd. A reply has been filed by the Ex-Director, and the Resolution Professional (RP) submitted that an immovable property is reflected in the balance sheet of the Corporate Debtor, but the title deeds are in the names of the Directors.
The case involves M/s. Mehta Tubes Ltd. versus M/s. NSP Hospitech India Ltd. During the proceedings, the Resolution Professional (RP) submitted that an immovable property is reflected in the balance sheet of the Corporate Debtor, M/s. NSP Hospitech India Ltd. However, the title deeds for this property are executed in the names of the Directors, creating a discrepancy. The Ex-Director has filed a reply. The court is addressing this discrepancy to ensure the Corporate Debtor's assets are properly accounted for and controlled.
Hearing before the New…