The case involves multiple applications (IA Nos. 45/2020, 46/2020, CA Nos. 353/2019, 597/2019, 570/2020, 605/2019, 329/2019 to 338/2019, 130/2019, 441/2019, 797/2019, 244/2019, 328/2019, 351/2019, 352/2019 and IA No. 255/2021) related to the Corporate Insolvency Resolution Process (CIRP) of Lakshmi Precision Screws Ltd. These applications were filed by various parties including workmen, employees, the Employees Provident Fund Organisation (EPFO), the Central Goods and Service Tax Department (CGST), and unsecured creditors, raising issues regarding the resolution plan, payment of dues, and compliance with statutory requirements under the Insolvency and Bankruptcy Code (IBC) and other related laws.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Lakshmi Precision Screws Ltd. Several applications were filed by various parties, including workmen, employees, the Employees Provident Fund Organisation (EPFO), the Central Goods and Service Tax Department (CGST), and unsecured creditors. The workmen and employees claimed unpaid provident fund, gratuity, and other retirement benefits. The EPFO sought directions for payment of the total Provident Fund amount. The CGST Department sought directions for the clearance of GST liabilities. Unsecured creditors challenged the resolution plan, alleging it was not in consonance with the provisions of the IBC. A dispute arose regarding the ownership and valuation of certain assets, including land mortgaged
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Corporate Insolvency Resolution Process (CIRP)…
Order passed in an application filed by RP for…
The case involves multiple applications (IA Nos. 45/2020, 46/2020, CA Nos. 353/2019, 597/2019, 570/2020, 605/2019, 329/2019 to 338/2019, 130/2019, 441/2019, 797/2019, 244/2019, 328/2019, 351/2019, 352/2019 and IA No. 255/2021) related to the Corporate Insolvency Resolution Process (CIRP) of Lakshmi Precision Screws Ltd. These applications were filed by various parties including workmen, employees, the Employees Provident Fund Organisation (EPFO), the Central Goods and Service Tax Department (CGST), and unsecured creditors, raising issues regarding the resolution plan, payment of dues, and compliance with statutory requirements under the Insolvency and Bankruptcy Code (IBC) and other related laws.
The Corporate Insolvency Resolution Process (CIRP) was initiated against Lakshmi Precision Screws Ltd. Several applications were filed by various parties, including workmen, employees, the Employees Provident Fund Organisation (EPFO), the Central Goods and Service Tax Department (CGST), and unsecured creditors. The workmen and employees claimed unpaid provident fund, gratuity, and other retirement benefits. The EPFO sought directions for payment of the total Provident Fund amount. The CGST Department sought directions for the clearance of GST liabilities. Unsecured creditors challenged the resolution plan, alleging it was not in consonance with the provisions of the IBC. A dispute arose regarding the ownership and valuation of certain assets, including land mortgaged
…Corporate Insolvency Resolution Process (CIRP)…
Order passed in an application filed by RP for…