The document contains orders related to multiple Interlocutory Applications (IAs) filed in a corporate insolvency resolution process. IA-86/2022 was filed by the Liquidator seeking permission to invoke arbitration against Indian Oil Corporation Limited (IOCL) and Foster Wheeler regarding a lumpsum turkey contract. IA-375/2022 was filed by the Liquidator seeking permission to initiate proceedings against Matix Fertilizers and Chemicals Limited for outstanding redemption proceeds. IA-482/2022 was filed by the Liquidator seeking directions against the State of Gujarat for quashing a notice issued under the Bombay Land Revenue Code.
The corporate debtor, EPC Constructions India Ltd., is undergoing liquidation. The Liquidator filed IA-86/2022 to invoke arbitration against IOCL and Foster Wheeler for a lumpsum turkey contract dated 28.02.2011, seeking to recover monies. The outstanding amount of Rs. 1005 Crores is considered an asset of the corporate debtor's liquidation estate. The Liquidator filed IA-375/2022 to initiate proceedings against Matix Fertilizers for default in payment of INR 310 Crores, the redemption amount of cumulative redeemable preference shares (CRPS) which matured on 26.08.2018. The liability arose from EPC contracts dated 29.07.2010 and 20.08.2010. Matix and the Corporate Debtor agreed to convert receivables to the tune of 250 Crores out of the total amount of INR 450 Crores
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Date of the lumpsum turkey contract executed…
Date of EPC Contracts between the Corporate…
The document contains orders related to multiple Interlocutory Applications (IAs) filed in a corporate insolvency resolution process. IA-86/2022 was filed by the Liquidator seeking permission to invoke arbitration against Indian Oil Corporation Limited (IOCL) and Foster Wheeler regarding a lumpsum turkey contract. IA-375/2022 was filed by the Liquidator seeking permission to initiate proceedings against Matix Fertilizers and Chemicals Limited for outstanding redemption proceeds. IA-482/2022 was filed by the Liquidator seeking directions against the State of Gujarat for quashing a notice issued under the Bombay Land Revenue Code.
The corporate debtor, EPC Constructions India Ltd., is undergoing liquidation. The Liquidator filed IA-86/2022 to invoke arbitration against IOCL and Foster Wheeler for a lumpsum turkey contract dated 28.02.2011, seeking to recover monies. The outstanding amount of Rs. 1005 Crores is considered an asset of the corporate debtor's liquidation estate. The Liquidator filed IA-375/2022 to initiate proceedings against Matix Fertilizers for default in payment of INR 310 Crores, the redemption amount of cumulative redeemable preference shares (CRPS) which matured on 26.08.2018. The liability arose from EPC contracts dated 29.07.2010 and 20.08.2010. Matix and the Corporate Debtor agreed to convert receivables to the tune of 250 Crores out of the total amount of INR 450 Crores
…Date of the lumpsum turkey contract executed…
Date of EPC Contracts between the Corporate…