The application I.A./3238/2024 was filed under Section 18(f) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, by the Resolution Professional of Singhal Strips Limited, seeking directions against the Excise and Taxation Department for the removal of a lien/attachment on the Corporate Debtor's asset. An application was filed by the Operational Creditor under Section 9 of the Code against the Corporate Debtor, bearing C.P.(IB) No.: 3131/2019, which was admitted vide Order dated 30.10.2023. Moratorium was declared vide order dated 30.10.2023. The Committee of Creditors was held on 11.12.2023, during which the Applicant was appointed as Resolution Professional, approved on 11.03.2024. The Applicant sent a
…An application was filed by the Operational Creditor under Section 9 of the Code against Singhal Strips Limited, the Corporate Debtor, which was admitted on 30.10.2023, initiating a moratorium. Anil Kohli was appointed as the Resolution Professional (RP) on 11.12.2023, and his appointment was approved on 11.03.2024. The RP informed the Excise and Taxation Department, the Respondent, about the CIRP and requested the removal of a lien/attachment on the Corporate Debtor's property located at 58 K.M. Stone, Delhi Rohtak Road, Village Ismaila, Rohtak, Haryana-124501. The Respondent had placed the lien/attachment due to unpaid dues of Rs. 1,91,85,399/- under the Haryana General Sales Tax Act, 1973, Haryana Value Added Tax Act, 2003, and Central Sales Tax Act. The Respondent
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An Application was filed by the Operational…
The application was…
The application I.A./3238/2024 was filed under Section 18(f) of the Insolvency and Bankruptcy Code, 2016, read with Rule 11 of the National Company Law Tribunal Rules, 2016, by the Resolution Professional of Singhal Strips Limited, seeking directions against the Excise and Taxation Department for the removal of a lien/attachment on the Corporate Debtor's asset. An application was filed by the Operational Creditor under Section 9 of the Code against the Corporate Debtor, bearing C.P.(IB) No.: 3131/2019, which was admitted vide Order dated 30.10.2023. Moratorium was declared vide order dated 30.10.2023. The Committee of Creditors was held on 11.12.2023, during which the Applicant was appointed as Resolution Professional, approved on 11.03.2024. The Applicant sent a
…An application was filed by the Operational Creditor under Section 9 of the Code against Singhal Strips Limited, the Corporate Debtor, which was admitted on 30.10.2023, initiating a moratorium. Anil Kohli was appointed as the Resolution Professional (RP) on 11.12.2023, and his appointment was approved on 11.03.2024. The RP informed the Excise and Taxation Department, the Respondent, about the CIRP and requested the removal of a lien/attachment on the Corporate Debtor's property located at 58 K.M. Stone, Delhi Rohtak Road, Village Ismaila, Rohtak, Haryana-124501. The Respondent had placed the lien/attachment due to unpaid dues of Rs. 1,91,85,399/- under the Haryana General Sales Tax Act, 1973, Haryana Value Added Tax Act, 2003, and Central Sales Tax Act. The Respondent
…An Application was filed by the Operational…
The application was…