This case involves a transfer petition from the Official Liquidator, High Court, Calcutta, to Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The main petition was initially filed by Magma Fincorp Limited (now Poonawalla Fincorp Limited) with the Calcutta High Court under CP/791/2015 on 2015-11-23. Subsequently, the Official Liquidator filed a transfer petition with the NCLT, Kolkata Bench on 2023-02-17. The NCLT appointed Mr. Sanjeev Jhunjhunwala as the Resolution Professional on 2024-09-04.
Magma Fincorp Limited (now Poonawalla Fincorp Limited) initially filed a petition with the Calcutta High Court under CP/791/2015 on 2015-11-23. The Official Liquidator, High Court, Calcutta, then filed a transfer petition with the NCLT, Kolkata Bench on 2023-02-17. The NCLT appointed Mr. Sanjeev Jhunjhunwala as the Resolution Professional on 2024-09-04. A public announcement was made on 2024-09-21, setting 2024-10-03 as the last day for claim submissions. Alchemist Asset Reconstruction Company Limited was the sole member of the CoC. The first CoC meeting was held on 2024-10-19, where the withdrawal of CIRP proceedings was discussed. The Official Liquidator handed over the custody of records on 2024-10-18 and the factory on 2024-10-28. The CoC resolved to withdraw the
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Magma Fincorp Limited (now Poonawalla Fincorp…
The Official Liquidator, High Court, Calcutta,…
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This case involves a transfer petition from the Official Liquidator, High Court, Calcutta, to Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The main petition was initially filed by Magma Fincorp Limited (now Poonawalla Fincorp Limited) with the Calcutta High Court under CP/791/2015 on 2015-11-23. Subsequently, the Official Liquidator filed a transfer petition with the NCLT, Kolkata Bench on 2023-02-17. The NCLT appointed Mr. Sanjeev Jhunjhunwala as the Resolution Professional on 2024-09-04.
Magma Fincorp Limited (now Poonawalla Fincorp Limited) initially filed a petition with the Calcutta High Court under CP/791/2015 on 2015-11-23. The Official Liquidator, High Court, Calcutta, then filed a transfer petition with the NCLT, Kolkata Bench on 2023-02-17. The NCLT appointed Mr. Sanjeev Jhunjhunwala as the Resolution Professional on 2024-09-04. A public announcement was made on 2024-09-21, setting 2024-10-03 as the last day for claim submissions. Alchemist Asset Reconstruction Company Limited was the sole member of the CoC. The first CoC meeting was held on 2024-10-19, where the withdrawal of CIRP proceedings was discussed. The Official Liquidator handed over the custody of records on 2024-10-18 and the factory on 2024-10-28. The CoC resolved to withdraw the
…Magma Fincorp Limited (now Poonawalla Fincorp…
The Official Liquidator, High Court, Calcutta,…
Sign in to view related legal provisions.