The case involves multiple Company Applications (CAs) filed before the National Company Law Tribunal (NCLT), New Delhi Bench, concerning the corporate insolvency resolution process (CIRP) of Ranajit Das & Ors. The applications address issues such as rent disbursement, information requests regarding outstanding dues, and operational hindrances faced by licensees/lessees.
The National Company Law Tribunal (NCLT) is hearing matters related to the insolvency resolution process of M/s. Ranajit Das & Ors. Several Company Applications (CAs) have been filed. CA 359/2019 concerns Section 19 of the Code, with notice issued to non-applicants. CA 351/2019, filed by the RP, seeks modification of an order regarding rent being kept in a separate escrow account, proposing a current account instead due to high charges. CA 352/2019, filed by lessor Monika Ghei, requests release of monthly rent as per an arbitrator's order ratified by the High Court, which has not been complied with. The RP justifies non-compliance due to multiple allottees sharing the space, making disbursement difficult. The applicant's allotment was prior to other claims. The RP
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The Hon'ble Hi…
The case involves multiple Company Applications (CAs) filed before the National Company Law Tribunal (NCLT), New Delhi Bench, concerning the corporate insolvency resolution process (CIRP) of Ranajit Das & Ors. The applications address issues such as rent disbursement, information requests regarding outstanding dues, and operational hindrances faced by licensees/lessees.
The National Company Law Tribunal (NCLT) is hearing matters related to the insolvency resolution process of M/s. Ranajit Das & Ors. Several Company Applications (CAs) have been filed. CA 359/2019 concerns Section 19 of the Code, with notice issued to non-applicants. CA 351/2019, filed by the RP, seeks modification of an order regarding rent being kept in a separate escrow account, proposing a current account instead due to high charges. CA 352/2019, filed by lessor Monika Ghei, requests release of monthly rent as per an arbitrator's order ratified by the High Court, which has not been complied with. The RP justifies non-compliance due to multiple allottees sharing the space, making disbursement difficult. The applicant's allotment was prior to other claims. The RP
…Sole arbitrator passed…
The Hon'ble Hi…