The case involves an application filed by the Liquidator, Mr. Anil Goel, appointed by the National Company Law Tribunal (NCLT), Allahabad Bench, seeking a direction to the Deputy Director, Directorate of Enforcement, to withdraw the Provisional Attachment Order no.08/2018 dated 28.05.2018, thereby de-attaching the properties of the Corporate Debtor, Rotomac Global Private Ltd., under the Prevention of Money Laundering Act (PMLA) and restoring the properties to the Liquidator for liquidation under the Insolvency and Bankruptcy Code (IBC), 2016. The application also seeks to declare the right of lenders/creditors on the attached properties of the Corporate Debtor to recover their dues prevails over the right of the respondent to attach the properties under PMLA, and to
…Bank of Baroda initiated Corporate Insolvency Resolution Process (CIRP) against Rotomac Global Private Ltd. The application was admitted on 20.09.2017. After the conclusion of CIRP, the Authority ordered for liquidation of the Corporate Debtor and appointed Mr. Anil Goel as Liquidator. Mr. Anil Goel filed an application under Section 35(1)(n) of the Insolvency & Bankruptcy Code, 2016, seeking a direction to the Deputy Director, Directorate of Enforcement, to withdraw its Provisional Attachment Order no.08/2018 dated 28.05.2018. The Directorate of Enforcement of Delhi Zonal Office-I initiated an investigation for commission of offence under Section 3 of Prevention of Money Laundering Act, 2002 (PMLA), vide an ECIR No.01/DLZO-I/2018 dated 18.02.2018. The
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Bank of Baroda's CIRP application against…
Directorate of Enforcement initiated…
The case involves an application filed by the Liquidator, Mr. Anil Goel, appointed by the National Company Law Tribunal (NCLT), Allahabad Bench, seeking a direction to the Deputy Director, Directorate of Enforcement, to withdraw the Provisional Attachment Order no.08/2018 dated 28.05.2018, thereby de-attaching the properties of the Corporate Debtor, Rotomac Global Private Ltd., under the Prevention of Money Laundering Act (PMLA) and restoring the properties to the Liquidator for liquidation under the Insolvency and Bankruptcy Code (IBC), 2016. The application also seeks to declare the right of lenders/creditors on the attached properties of the Corporate Debtor to recover their dues prevails over the right of the respondent to attach the properties under PMLA, and to
…Bank of Baroda initiated Corporate Insolvency Resolution Process (CIRP) against Rotomac Global Private Ltd. The application was admitted on 20.09.2017. After the conclusion of CIRP, the Authority ordered for liquidation of the Corporate Debtor and appointed Mr. Anil Goel as Liquidator. Mr. Anil Goel filed an application under Section 35(1)(n) of the Insolvency & Bankruptcy Code, 2016, seeking a direction to the Deputy Director, Directorate of Enforcement, to withdraw its Provisional Attachment Order no.08/2018 dated 28.05.2018. The Directorate of Enforcement of Delhi Zonal Office-I initiated an investigation for commission of offence under Section 3 of Prevention of Money Laundering Act, 2002 (PMLA), vide an ECIR No.01/DLZO-I/2018 dated 18.02.2018. The
…Bank of Baroda's CIRP application against…
Directorate of Enforcement initiated…