The case involves Super Print Services V/s. M/s. Xalta Food and Beverages Pvt.Ltd. before the National Company Law Tribunal (NCLT), New Delhi Bench. An application under Section 33 of the IBC has been filed because no resolution was possible within 270 days. CA 731/2019 was filed, seeking directions to proceed with liquidation.
The case involves Super Print Services V/s. M/s. Xalta Food and Beverages Pvt.Ltd. before the NCLT. The key facts are:
1. No resolution plan was received within the 270-day period.
2. An application under Section 33 of the IBC was filed.
3. CA 731/2019 was filed, seeking directions for liquidation.
4. Two financial creditors, Reliance Capital Ltd. and Tamilnad Mercantile Bank, undertook to pay the proportionate CIR cost.
5. Other financial claimants did not appear or contribute to the CIR process.
6. The RP proposed his own name as the liquidator.
7. The COC members participated in the resolution process but did not contribute to the cost.
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The case involves Super Print Services V/s. M/s. Xalta Food and Beverages Pvt.Ltd. before the National Company Law Tribunal (NCLT), New Delhi Bench. An application under Section 33 of the IBC has been filed because no resolution was possible within 270 days. CA 731/2019 was filed, seeking directions to proceed with liquidation.
The case involves Super Print Services V/s. M/s. Xalta Food and Beverages Pvt.Ltd. before the NCLT. The key facts are:
1. No resolution plan was received within the 270-day period.
2. An application under Section 33 of the IBC was filed.
3. CA 731/2019 was filed, seeking directions for liquidation.
4. Two financial creditors, Reliance Capital Ltd. and Tamilnad Mercantile Bank, undertook to pay the proportionate CIR cost.
5. Other financial claimants did not appear or contribute to the CIR process.
6. The RP proposed his own name as the liquidator.
7. The COC members participated in the resolution process but did not contribute to the cost.
Hearing before the New…
The case is scheduled…
Sign in to view related legal provisions.