The case involves an application (IA (IB) No. 1577/ (KB) /2023) in a corporate insolvency resolution process (CP No. 634/(KB) /2020) before the National Company Law Tribunal (NCLT), Kolkata. The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016. Pheonix ARC Private Limited, acting as Trustee of Phoenix Trust FY 22-16, is the financial creditor, and EMTA Coal Limited is the corporate debtor. The application seeks leave for the corporate debtor to advance a supplementary argument to what was previously argued during a hearing on 2023-09-12.
L&T Finance Limited is a company with its registered office in Kolkata. Pheonix ARC Private Limited, acting as Trustee of Phoenix Trust FY 22-16, is the financial creditor in this matter. EMTA Coal Limited, with its registered office in Kolkata, is the corporate debtor. An application, IA (IB) No. 1577/ (KB) /2023, was filed in CP No. 634/(KB) /2020 under Section 60(5) of the IBC, seeking leave for the corporate debtor to present a supplementary argument to what was argued on 2023-09-12. The court had previously passed orders in IA (IB)504/KB/2022 & IA (IB)1371/KB/2023. The application was ultimately dismissed as inconsequential.
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Hearing where the original arguments were…
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The case involves an application (IA (IB) No. 1577/ (KB) /2023) in a corporate insolvency resolution process (CP No. 634/(KB) /2020) before the National Company Law Tribunal (NCLT), Kolkata. The application was filed under Section 60(5) of the Insolvency and Bankruptcy Code (IBC), 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016. Pheonix ARC Private Limited, acting as Trustee of Phoenix Trust FY 22-16, is the financial creditor, and EMTA Coal Limited is the corporate debtor. The application seeks leave for the corporate debtor to advance a supplementary argument to what was previously argued during a hearing on 2023-09-12.
L&T Finance Limited is a company with its registered office in Kolkata. Pheonix ARC Private Limited, acting as Trustee of Phoenix Trust FY 22-16, is the financial creditor in this matter. EMTA Coal Limited, with its registered office in Kolkata, is the corporate debtor. An application, IA (IB) No. 1577/ (KB) /2023, was filed in CP No. 634/(KB) /2020 under Section 60(5) of the IBC, seeking leave for the corporate debtor to present a supplementary argument to what was argued on 2023-09-12. The court had previously passed orders in IA (IB)504/KB/2022 & IA (IB)1371/KB/2023. The application was ultimately dismissed as inconsequential.
Hearing where the original arguments were…
Date of pronouncement of the order…