The document pertains to a case before the National Company Law Tribunal (NCLT), Mumbai Bench, concerning Magicrete Buildings Solutions Pvt. Ltd. versus Pratibha Industries Ltd. The case is related to the Insolvency and Bankruptcy Code, 2016. The petitioner counsel reported that the bank maintaining the account of the operational creditor is not issuing the certificate as required under Section 9 of the Insolvency and Bankruptcy Code, 2016.
Magicrete Buildings Solutions Pvt. Ltd. initiated proceedings against Pratibha Industries Ltd. under the Insolvency and Bankruptcy Code, 2016. The petitioner's counsel reported that the bank maintaining the account of the operational creditor was not issuing the certificate as required under Section 9 of the IBC. The NCLT addressed the issue of whether banks are exempt from issuing such certificates. The case was listed for filing the certificate of the bank.
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The document pertains to a case before the National Company Law Tribunal (NCLT), Mumbai Bench, concerning Magicrete Buildings Solutions Pvt. Ltd. versus Pratibha Industries Ltd. The case is related to the Insolvency and Bankruptcy Code, 2016. The petitioner counsel reported that the bank maintaining the account of the operational creditor is not issuing the certificate as required under Section 9 of the Insolvency and Bankruptcy Code, 2016.
Magicrete Buildings Solutions Pvt. Ltd. initiated proceedings against Pratibha Industries Ltd. under the Insolvency and Bankruptcy Code, 2016. The petitioner's counsel reported that the bank maintaining the account of the operational creditor was not issuing the certificate as required under Section 9 of the IBC. The NCLT addressed the issue of whether banks are exempt from issuing such certificates. The case was listed for filing the certificate of the bank.
Attendance-cum-order sheet of the hearing of…
Matter list…