The National Company Law Tribunal (NCLT), Allahabad Bench, held a hearing on August 8, 2018, regarding the matter of Punjab National Bank V/s Parerhat Gas Industries Ltd. The case pertains to Section 33(2) of the Insolvency and Bankruptcy Code (IBC). The IBBI proposed Mr. Pawan K. Goel as the liquidator for the Corporate Debtor Company, following a liquidation order passed on August 2, 2018. The court, after hearing the learned counsel and noting the absence of objections, appointed Mr. Goel as the liquidator. The liquidator is tasked with taking charge of the assets and providing a progress report within four weeks. The matter is listed for further hearing on September 10, 2018.

The National Company Law Tribunal (NCLT), Allahabad Bench, held a hearing on August 8, 2018, regarding the matter of Punjab National Bank V/s Parerhat Gas Industries Ltd. The case pertains to Section 33(2) of the Insolvency and Bankruptcy Code (IBC). The IBBI proposed Mr. Pawan K. Goel as the liquidator for the Corporate Debtor Company, following a liquidation order passed on August 2, 2018. The court, after hearing the learned counsel and noting the absence of objections, appointed Mr. Goel as the liquidator. The liquidator is tasked with taking charge of the assets and providing a progress report within four weeks. The matter is listed for further hearing on September 10, 2018.