The case involves MA 1265/2018 in C.P.(IB)724/MB/2017 before the National Company Law Tribunal, Mumbai Bench. The matter concerns Bright Steel Processors V/S Loha Ispat Limited. The Liquidator was directed to take instructions on whether to proceed. The Liquidator's counsel requested an adjournment due to the Liquidator's preoccupation with income tax matters. The Liquidator was absent on the previous occasion as well. The Registry was directed to issue notice to the Liquidator of the Corporate Debtor, Mr. Anil Goel. The Liquidator is directed to show cause as to why contempt proceedings should not be initiated against him for not remaining present.
The case MA 1265/2018 involves Bright Steel Processors V/S Loha Ispat Limited. The Liquidator's counsel requested an adjournment due to the Liquidator's preoccupation with income tax matters. The Liquidator was also absent on the previous hearing. The Registry was directed to issue notice to the Liquidator of the Corporate Debtor, Mr. Anil Goel. The Liquidator is directed to show cause as to why contempt proceedings should not be initiated against him for not remaining present. The IBBI may look into the negligent conduct of Liquidator. The case was adjourned to 20.10.2023. The Liquidator's absence and the request for adjournment are key facts influencing the court's actions and directions.
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Order sheet…
Case stood over to…
The case involves MA 1265/2018 in C.P.(IB)724/MB/2017 before the National Company Law Tribunal, Mumbai Bench. The matter concerns Bright Steel Processors V/S Loha Ispat Limited. The Liquidator was directed to take instructions on whether to proceed. The Liquidator's counsel requested an adjournment due to the Liquidator's preoccupation with income tax matters. The Liquidator was absent on the previous occasion as well. The Registry was directed to issue notice to the Liquidator of the Corporate Debtor, Mr. Anil Goel. The Liquidator is directed to show cause as to why contempt proceedings should not be initiated against him for not remaining present.
The case MA 1265/2018 involves Bright Steel Processors V/S Loha Ispat Limited. The Liquidator's counsel requested an adjournment due to the Liquidator's preoccupation with income tax matters. The Liquidator was also absent on the previous hearing. The Registry was directed to issue notice to the Liquidator of the Corporate Debtor, Mr. Anil Goel. The Liquidator is directed to show cause as to why contempt proceedings should not be initiated against him for not remaining present. The IBBI may look into the negligent conduct of Liquidator. The case was adjourned to 20.10.2023. The Liquidator's absence and the request for adjournment are key facts influencing the court's actions and directions.
Order sheet…
Case stood over to…