This case involves an application (I.A. 3792/2022) filed by Satra Properties India Limited, the Applicant and Resolution Professional, under Section 60(5) of the Insolvency & Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016, in the Corporate Insolvency Resolution Process (CIRP) of M/s Satra Properties (India) Limited, the Corporate Debtor. The CIRP was initiated against the Corporate Debtor on August 3, 2020. The Applicant sought the removal of a seal placed by Nagar Nigam Jodhpur (North), the Respondent, on the Corporate Debtor's assets and the release of attachment on those assets, handing over the charge to the Resolution Professional. The Respondent had attached the assets for recovery of city development tax.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Satra Properties (India) Limited on August 3, 2020. Mr. Devarajan Raman was initially appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. After the initiation of CIRP, Nagar Nigam Jodhpur (North) issued a letter dated November 28, 2020, to the Corporate Debtor demanding payment of city development tax amounting to Rs. 13,03,231/-. The Resolution Professional informed Nagar Nigam Jodhpur (North) about the CIRP and the moratorium under Section 14 of the IBC via email dated December 1, 2020. Despite this, Nagar Nigam Jodhpur (North) issued another letter dated May 12, 2022, demanding Rs. 15,96,834/- and attached the assets of the Corporate Debtor
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CIRP was ini…
The Respondent addressed a letter to the…
This case involves an application (I.A. 3792/2022) filed by Satra Properties India Limited, the Applicant and Resolution Professional, under Section 60(5) of the Insolvency & Bankruptcy Code, 2016, read with Rule 11 of the NCLT Rules, 2016, in the Corporate Insolvency Resolution Process (CIRP) of M/s Satra Properties (India) Limited, the Corporate Debtor. The CIRP was initiated against the Corporate Debtor on August 3, 2020. The Applicant sought the removal of a seal placed by Nagar Nigam Jodhpur (North), the Respondent, on the Corporate Debtor's assets and the release of attachment on those assets, handing over the charge to the Resolution Professional. The Respondent had attached the assets for recovery of city development tax.
The Corporate Insolvency Resolution Process (CIRP) was initiated against M/s Satra Properties (India) Limited on August 3, 2020. Mr. Devarajan Raman was initially appointed as the Interim Resolution Professional and later confirmed as the Resolution Professional. After the initiation of CIRP, Nagar Nigam Jodhpur (North) issued a letter dated November 28, 2020, to the Corporate Debtor demanding payment of city development tax amounting to Rs. 13,03,231/-. The Resolution Professional informed Nagar Nigam Jodhpur (North) about the CIRP and the moratorium under Section 14 of the IBC via email dated December 1, 2020. Despite this, Nagar Nigam Jodhpur (North) issued another letter dated May 12, 2022, demanding Rs. 15,96,834/- and attached the assets of the Corporate Debtor
…CIRP was ini…
The Respondent addressed a letter to the…