The case pertains to an application seeking permission for liquidating the corporate debtor under Section 39(2) of the Insolvency and Bankruptcy Code (IBC), 2016. The Resolution Professional (RP) made submissions before the National Company Law Tribunal (NCLT), New Delhi.
Mr. Neeraj Pandita filed a petition against M/s. S3 Electrical & Electronics Pvt. Ltd. under Section 7 of the IBC. The Resolution Professional sought permission to liquidate the corporate debtor under Section 39(2) of the IBC, 2016. The NCLT heard the submissions of the counsel for the RP and the corporate debtor. The application was allowed, and the RP was directed to comply with regulation 39(b) of IBBI (IRP for CP) regulations, 2016. The matter was posted for further hearing on 06.01.2020.
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The case pertains to an application seeking permission for liquidating the corporate debtor under Section 39(2) of the Insolvency and Bankruptcy Code (IBC), 2016. The Resolution Professional (RP) made submissions before the National Company Law Tribunal (NCLT), New Delhi.
Mr. Neeraj Pandita filed a petition against M/s. S3 Electrical & Electronics Pvt. Ltd. under Section 7 of the IBC. The Resolution Professional sought permission to liquidate the corporate debtor under Section 39(2) of the IBC, 2016. The NCLT heard the submissions of the counsel for the RP and the corporate debtor. The application was allowed, and the RP was directed to comply with regulation 39(b) of IBBI (IRP for CP) regulations, 2016. The matter was posted for further hearing on 06.01.2020.
Order delivered on…
Matter posted for…