The case originates from a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, concerning a financial debt in the form of an Inter Corporate Deposit. The petition was filed before the National Company Law Tribunal (NCLT), Principal Bench, New Delhi. The court sought clarification on several aspects related to the financial debt and compliance with relevant sections of the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016.
BSFC Distributors Private Limited filed a petition against Pilot Mines & Minerals Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The financial debt in question is an Inter Corporate Deposit. The NCLT is examining the validity of the debt and compliance with the Companies Act, 2013, specifically Sections 186, 179, and 117. The court has requested a certified true copy of the Board Resolution, audited financial statements for the years 2020-21 and 2021-22, and MCA form MGT-14, if applicable. The Financial Creditor is directed to file a response to the questions raised by the court by September 26, 2022. The case is listed on September 26, 2022.
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NCLT delivered a clarification order seeking…
The Financial Creditor is directed to file a…
The case originates from a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, concerning a financial debt in the form of an Inter Corporate Deposit. The petition was filed before the National Company Law Tribunal (NCLT), Principal Bench, New Delhi. The court sought clarification on several aspects related to the financial debt and compliance with relevant sections of the Companies Act, 2013 and the Insolvency and Bankruptcy Code, 2016.
BSFC Distributors Private Limited filed a petition against Pilot Mines & Minerals Private Limited under Section 7 of the Insolvency and Bankruptcy Code, 2016. The financial debt in question is an Inter Corporate Deposit. The NCLT is examining the validity of the debt and compliance with the Companies Act, 2013, specifically Sections 186, 179, and 117. The court has requested a certified true copy of the Board Resolution, audited financial statements for the years 2020-21 and 2021-22, and MCA form MGT-14, if applicable. The Financial Creditor is directed to file a response to the questions raised by the court by September 26, 2022. The case is listed on September 26, 2022.
NCLT delivered a clarification order seeking…
The Financial Creditor is directed to file a…