The case involves an order under Section 7 of the Insolvency and Bankruptcy Code (IBC) admitting a petition, which was already passed on August 29, 2017. Corporate Insolvency Resolution Process (CIRP) proceedings were in progress. Punjab National Bank filed an Interim Application (M.A. 1500/2018) seeking the transfer of the case record to the National Company Law Tribunal (NCLT) Cuttack due to the constitution of a bench there.
An order was previously passed under Section 7 of the IBC admitting a petition on August 29, 2017, initiating CIRP proceedings. Punjab National Bank filed Interim Application M.A. 1500/2018 seeking the transfer of the case record to NCLT Cuttack due to the establishment of a bench there. The court directed the placement of the Committee of Creditors' resolution for the transfer on record. The court also directed the placement of a 'No Objection' from the Resolution Professional regarding the ratification of CIRP costs on record. The matter was adjourned for due compliance.
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An order was passed admitting the petition…
Hearing of the Mumbai…
The case involves an order under Section 7 of the Insolvency and Bankruptcy Code (IBC) admitting a petition, which was already passed on August 29, 2017. Corporate Insolvency Resolution Process (CIRP) proceedings were in progress. Punjab National Bank filed an Interim Application (M.A. 1500/2018) seeking the transfer of the case record to the National Company Law Tribunal (NCLT) Cuttack due to the constitution of a bench there.
An order was previously passed under Section 7 of the IBC admitting a petition on August 29, 2017, initiating CIRP proceedings. Punjab National Bank filed Interim Application M.A. 1500/2018 seeking the transfer of the case record to NCLT Cuttack due to the establishment of a bench there. The court directed the placement of the Committee of Creditors' resolution for the transfer on record. The court also directed the placement of a 'No Objection' from the Resolution Professional regarding the ratification of CIRP costs on record. The matter was adjourned for due compliance.
An order was passed admitting the petition…
Hearing of the Mumbai…