The case involves an application bearing CA No. 146/2019 in CP No.(IB)120/ALD/2017 before the National Company Law Tribunal, Allahabad Bench. The applicant seeks scrutiny of the application and directions for the Committee of Creditors (COC) to conduct a meeting to discuss urgent matters, even though the 270-day period of the Corporate Insolvency Resolution Process (CIRP) has expired. An application for liquidation is under consideration.
The case pertains to CA No. 146/2019 in CP No.(IB)120/ALD/2017 before the NCLT Allahabad Bench. M/s Rana Saria Poly Pack Pvt Ltd is involved in a case against Uniword sugars Pvt. Ltd. Ms. Babita Jain, PCS, representing the RP, filed an application seeking scrutiny and directions for the COC to conduct a meeting. The 270-day CIRP period has expired, but a liquidation application is pending. The court observed that the RP has not been discharged and no liquidation order has been passed. The relevance of these facts is that they determine whether the COC can continue to function.
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Hearing of Allahabad…
The matter is…
The case involves an application bearing CA No. 146/2019 in CP No.(IB)120/ALD/2017 before the National Company Law Tribunal, Allahabad Bench. The applicant seeks scrutiny of the application and directions for the Committee of Creditors (COC) to conduct a meeting to discuss urgent matters, even though the 270-day period of the Corporate Insolvency Resolution Process (CIRP) has expired. An application for liquidation is under consideration.
The case pertains to CA No. 146/2019 in CP No.(IB)120/ALD/2017 before the NCLT Allahabad Bench. M/s Rana Saria Poly Pack Pvt Ltd is involved in a case against Uniword sugars Pvt. Ltd. Ms. Babita Jain, PCS, representing the RP, filed an application seeking scrutiny and directions for the COC to conduct a meeting. The 270-day CIRP period has expired, but a liquidation application is pending. The court observed that the RP has not been discharged and no liquidation order has been passed. The relevance of these facts is that they determine whether the COC can continue to function.
Hearing of Allahabad…
The matter is…