The case pertains to CP (IB) No. 1614/KB/2018 before the National Company Law Tribunal, Kolkata Bench. The matter involves M/s. NLB Steels Pvt. Ltd. versus M/s. Pradeep Structural Development Pvt. Ltd. The hearing took place on September 6, 2019.
The case involves a corporate insolvency resolution process. M/s. NLB Steels Pvt. Ltd. is the operational creditor, and M/s. Pradeep Structural Development Pvt. Ltd. is likely the corporate debtor. The parties settled the dispute, and the Committee of Creditors (CoC) passed a resolution on August 24, 2019, with 100% votes to withdraw the matter. The Interim Resolution Professional (IRP) also appeared. The court allowed the withdrawal application under section 12A of the IBC, disposing of the main Corporate Petition (CP).
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Committee of Creditors (CoC) passed a…
Hearing on the matter…
The case pertains to CP (IB) No. 1614/KB/2018 before the National Company Law Tribunal, Kolkata Bench. The matter involves M/s. NLB Steels Pvt. Ltd. versus M/s. Pradeep Structural Development Pvt. Ltd. The hearing took place on September 6, 2019.
The case involves a corporate insolvency resolution process. M/s. NLB Steels Pvt. Ltd. is the operational creditor, and M/s. Pradeep Structural Development Pvt. Ltd. is likely the corporate debtor. The parties settled the dispute, and the Committee of Creditors (CoC) passed a resolution on August 24, 2019, with 100% votes to withdraw the matter. The Interim Resolution Professional (IRP) also appeared. The court allowed the withdrawal application under section 12A of the IBC, disposing of the main Corporate Petition (CP).
Committee of Creditors (CoC) passed a…
Hearing on the matter…