The case involves a company application filed by the liquidator of Raman Ispat Private Limited, which is undergoing liquidation. The liquidator seeks the release of attached properties of the corporate debtor and directions to Paschimanchal Vidyut Vitran Nigam Limited (PVVNL) to submit their claims for outstanding electricity dues. The properties were attached by the District Collector and Tehsildar of Muzaffarnagar due to unpaid electricity bills. The liquidator argues that these attachments hinder the liquidation process under the Insolvency and Bankruptcy Code (IBC), 2016.
Raman Ispat Private Limited, a company incorporated under the Companies Act, 1956, is undergoing liquidation. Praveen Bansal is the appointed liquidator. The company had an agreement with Paschimanchal Vidyut Vitran Nigam Limited (PVVNL) for the supply of electrical energy, with a clause stating that outstanding dues would be a charge on the company's assets. The company defaulted on payments, leading to outstanding dues of Rs. 4,32,33,883 as of January 27, 2017. The District Collector and Tehsildar of Muzaffarnagar attached the company's properties for recovery of these dues. The liquidator filed an application seeking the release of the attached properties to facilitate the liquidation process under the Insolvency and Bankruptcy Code (IBC), 2016. Union Bank of India
…Sign in to view the parties.
Raman Ispat Private…
Raman Ispat Private Limited entered into an…
The case involves a company application filed by the liquidator of Raman Ispat Private Limited, which is undergoing liquidation. The liquidator seeks the release of attached properties of the corporate debtor and directions to Paschimanchal Vidyut Vitran Nigam Limited (PVVNL) to submit their claims for outstanding electricity dues. The properties were attached by the District Collector and Tehsildar of Muzaffarnagar due to unpaid electricity bills. The liquidator argues that these attachments hinder the liquidation process under the Insolvency and Bankruptcy Code (IBC), 2016.
Raman Ispat Private Limited, a company incorporated under the Companies Act, 1956, is undergoing liquidation. Praveen Bansal is the appointed liquidator. The company had an agreement with Paschimanchal Vidyut Vitran Nigam Limited (PVVNL) for the supply of electrical energy, with a clause stating that outstanding dues would be a charge on the company's assets. The company defaulted on payments, leading to outstanding dues of Rs. 4,32,33,883 as of January 27, 2017. The District Collector and Tehsildar of Muzaffarnagar attached the company's properties for recovery of these dues. The liquidator filed an application seeking the release of the attached properties to facilitate the liquidation process under the Insolvency and Bankruptcy Code (IBC), 2016. Union Bank of India
…Raman Ispat Private…
Raman Ispat Private Limited entered into an…