The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiated after the transfer of a winding-up petition (CP No.272 of 2003) from the Hon'ble Punjab & Haryana High Court to the NCLT Chandigarh Bench. The winding-up petition was originally filed against Telephone Cables Limited, and a winding-up order was passed on 24.07.2015. The Official Liquidator was appointed as the liquidator.
A winding-up petition (CP No.272 of 2003) was filed against Telephone Cables Limited in the Punjab & Haryana High Court, and a winding-up order was passed on 24.07.2015.
The Official Liquidator was appointed as the liquidator for Telephone Cables Limited by the Punjab & Haryana High Court.
IDBI assigned its loan to Stressed Assets Stabilization Fund (SASF), which subsequently assigned the debt to Omkara Assets Reconstruction Pvt. Ltd. (OARC).
SASF filed CA #7/2024 seeking transfer of the winding-up proceedings from the High Court to the NCLT Chandigarh based on the judgment of the Hon'ble Supreme Court in Action Ispat & Power (P) Ltd. v/s Shyam Metallics & Energy Ltd.
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CP No.272 of 2003 filed against Telephone…
The Punjab & Haryana High Court passed a…
The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiated after the transfer of a winding-up petition (CP No.272 of 2003) from the Hon'ble Punjab & Haryana High Court to the NCLT Chandigarh Bench. The winding-up petition was originally filed against Telephone Cables Limited, and a winding-up order was passed on 24.07.2015. The Official Liquidator was appointed as the liquidator.
A winding-up petition (CP No.272 of 2003) was filed against Telephone Cables Limited in the Punjab & Haryana High Court, and a winding-up order was passed on 24.07.2015.
The Official Liquidator was appointed as the liquidator for Telephone Cables Limited by the Punjab & Haryana High Court.
IDBI assigned its loan to Stressed Assets Stabilization Fund (SASF), which subsequently assigned the debt to Omkara Assets Reconstruction Pvt. Ltd. (OARC).
SASF filed CA #7/2024 seeking transfer of the winding-up proceedings from the High Court to the NCLT Chandigarh based on the judgment of the Hon'ble Supreme Court in Action Ispat & Power (P) Ltd. v/s Shyam Metallics & Energy Ltd.
…CP No.272 of 2003 filed against Telephone…
The Punjab & Haryana High Court passed a…