The case involves multiple IAs (Interlocutory Applications) and CAs (Company Applications) filed in the matter of Noble Co-operative Bank Ltd. versus Shivkala Developers Pvt. Ltd. under Section 7 of the IBC, 2016. The applications include IA-1132/2021, IA/1131/2021, IA-2672/2021, CA734/C-II/ND/2018, CA-800/C-II/ND/2018, and IA-2773/2021. The court is addressing issues related to the resolution plan, service of notices, and compliance with court directions.
Noble Co-operative Bank Ltd. initiated proceedings against Shivkala Developers Pvt. Ltd. under Section 7 of the IBC, 2016. Several IAs and CAs are pending before the NCLT. IA-1132/2021 was wrongly listed as it had already been disposed of. The RP's Counsel accepted the notice for IA-1131/2021 but claimed not to have received a copy of the application. The Resolution Applicant in CA-734/2018 failed to deposit the performance guarantee. The Resolution Applicant has been added as a party in the present CA, and notice has been served. The Applicant in CA-800/2018 and IA-2773/2021 has raised objections to the Resolution Plan. The Applicant admits to not submitting documents regarding correspondence with the Corporate Debtor.
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IA-1132/202…
Affidavit of service was filed on 18th March,…
The case involves multiple IAs (Interlocutory Applications) and CAs (Company Applications) filed in the matter of Noble Co-operative Bank Ltd. versus Shivkala Developers Pvt. Ltd. under Section 7 of the IBC, 2016. The applications include IA-1132/2021, IA/1131/2021, IA-2672/2021, CA734/C-II/ND/2018, CA-800/C-II/ND/2018, and IA-2773/2021. The court is addressing issues related to the resolution plan, service of notices, and compliance with court directions.
Noble Co-operative Bank Ltd. initiated proceedings against Shivkala Developers Pvt. Ltd. under Section 7 of the IBC, 2016. Several IAs and CAs are pending before the NCLT. IA-1132/2021 was wrongly listed as it had already been disposed of. The RP's Counsel accepted the notice for IA-1131/2021 but claimed not to have received a copy of the application. The Resolution Applicant in CA-734/2018 failed to deposit the performance guarantee. The Resolution Applicant has been added as a party in the present CA, and notice has been served. The Applicant in CA-800/2018 and IA-2773/2021 has raised objections to the Resolution Plan. The Applicant admits to not submitting documents regarding correspondence with the Corporate Debtor.
IA-1132/202…
Affidavit of service was filed on 18th March,…