The case pertains to proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC). State Bank of India (SBI) filed an application against Kingston Paptech Pvt Ltd. The matter was heard by the National Company Law Tribunal (NCLT), Ahmedabad.
State Bank of India (SBI) filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) against Kingston Paptech Pvt Ltd. During the proceedings, it was brought to the court's attention that the debt owed by Kingston Paptech Pvt Ltd to SBI had been assigned to Raj Radhe Finance Limited. As a result of this assignment, the court determined that SBI's application became infructuous.
Sign in to view the parties.
The order was delivered, disposing of the…
The case pertains to proceedings under Section 7 of the Insolvency and Bankruptcy Code (IBC). State Bank of India (SBI) filed an application against Kingston Paptech Pvt Ltd. The matter was heard by the National Company Law Tribunal (NCLT), Ahmedabad.
State Bank of India (SBI) filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC) against Kingston Paptech Pvt Ltd. During the proceedings, it was brought to the court's attention that the debt owed by Kingston Paptech Pvt Ltd to SBI had been assigned to Raj Radhe Finance Limited. As a result of this assignment, the court determined that SBI's application became infructuous.
The order was delivered, disposing of the…