# In the matter of Kingsway Finance Pvt. Ltd.

> NCLT judgment dated 2023-10-26. Citation: TCN-2023-NCLT-01021. The case pertains to Kingsway Finance Pvt. Ltd in voluntary liquidation. An amended memo of…

- **Court:** NCLT
- **Order date:** 26 Oct 2023
- **Citation:** TCN-2023-NCLT-01021
- **Category:** IBC
- **Source page:** https://caseease.in/cases/ibc/nclt-division-bench-court-i-chenn/kingsway-finance-pvt-ltd-5cb27f39

## Summary

### Background

The case pertains to Kingsway Finance Pvt. Ltd in voluntary liquidation. An amended memo of parties has been filed. The court notes that no report has been filed by the ROC or IBBI. The applicant's counsel states that the affidavit of service has been e-filed.

## Facts

Kingsway Finance Pvt. Ltd. is undergoing voluntary liquidation. An amended memo of parties was filed on August 22, 2023. As of October 26, 2023, no report has been filed by the Registrar of Companies (ROC) or the Insolvency and Bankruptcy Board of India (IBBI). The applicant claims the affidavit of service has been e-filed. The court requires a hard copy of the affidavit of service to be filed within one week, and reports are expected within two weeks. The applicant's counsel must inform the ROC and IBBI of the next hearing date via email and file proof of communication.

## Issues and analysis

### Issue 1: Whether the hard copy of the …

**Ratio:** Procedural compliance requires the filing of physical documents in addition to electronic

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**Reasoning:** The court explicitly directs the applicant to file a hard copy of the affidavit of

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**Interpretation:** This highlights the court's adherence to established procedural norms,

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**Application:** The applicant must file the hard copy of the affidavit of service within one

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## Parties

- **Judges:** RAJEEV ME…; Harnam Singh…
- **Respondents:** Kingsway Finance…

## Timeline

- **2023-08-22 — Amended Mem…**: Amended memo of parties…
- **2023-10-26 — Court Or…**: Court directs filing of hard copy of affidavit of service and awaits reports from ROC and…

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