The National Company Law Tribunal, Chandigarh Bench, is hearing several IA applications (366/2020, 890/2022, 892/2022, 1141/2022, MA 4/2022 & 1556/2022) in relation to CP (IB) No. 250/Chd/Pb/2018, an admitted matter. The case involves Central Bank of India as the Financial Creditor and KSM Spinning Mills Ltd. as the Corporate Debtor. The applications are being heard through web-based video conferencing.
Central Bank of India initiated a Corporate Insolvency Resolution Process (CIRP) against KSM Spinning Mills Ltd. under CP (IB) No. 250/Chd/Pb/2018, which was admitted. Several Interlocutory Applications (IAs) are being heard, including IA Nos. 366/2020, 890/2022, 892/2022, 1141/2022, MA No. 4/2022, and IA No. 1556/2022. The court is addressing issues related to the exchange of information between the parties, including the sending and receiving of emails, and the filing of necessary documents. A Forensic Auditor is involved and has been directed to appear for clarifications. The applications are being heard through video conferencing. The matter is being heard under Sections 22(2), 30(6), 31, 60(5), 66, 67 read with 68, 69, 70, 72, 219 of the Insolvency and Bankruptcy
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Corporate Insolvency…
Reference to a previous…
The National Company Law Tribunal, Chandigarh Bench, is hearing several IA applications (366/2020, 890/2022, 892/2022, 1141/2022, MA 4/2022 & 1556/2022) in relation to CP (IB) No. 250/Chd/Pb/2018, an admitted matter. The case involves Central Bank of India as the Financial Creditor and KSM Spinning Mills Ltd. as the Corporate Debtor. The applications are being heard through web-based video conferencing.
Central Bank of India initiated a Corporate Insolvency Resolution Process (CIRP) against KSM Spinning Mills Ltd. under CP (IB) No. 250/Chd/Pb/2018, which was admitted. Several Interlocutory Applications (IAs) are being heard, including IA Nos. 366/2020, 890/2022, 892/2022, 1141/2022, MA No. 4/2022, and IA No. 1556/2022. The court is addressing issues related to the exchange of information between the parties, including the sending and receiving of emails, and the filing of necessary documents. A Forensic Auditor is involved and has been directed to appear for clarifications. The applications are being heard through video conferencing. The matter is being heard under Sections 22(2), 30(6), 31, 60(5), 66, 67 read with 68, 69, 70, 72, 219 of the Insolvency and Bankruptcy
…Corporate Insolvency…
Reference to a previous…