The application IA (IBC) No. 527/JPR/2023 was filed by Worldwide Machinery Solutions Pvt. Ltd. seeking dismissal of the Company Petition bearing CP No. (IB)-18/7/JPR/2023. The main application CP No. (IB) 18/7/JPR/2023 was preferred by SREI Equipment Finance Limited under Section 7 of the Code seeking initiation of Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. Earlier, an Application under Section 227 read with Section 239(2)(zk) of the Code read with Rules 5 & 6 of the Insolvency & Bankruptcy (Insolvency and Liquidation Proceedings for Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 was filed before the NCLT, Kolkata Bench by Reserve Bank of India (RBI) against the Financial Creditor. The NCLT
…SREI Equipment Finance Limited initiated Corporate Insolvency Resolution Process (CIRP) against Worldwide Machinery Solutions Private Limited under Section 7 of the IBC. During the CIRP of SREI Equipment Finance Limited, initiated by the Reserve Bank of India (RBI) before the NCLT Kolkata Bench, an administrator was appointed. The administrator continued the Section 7 application against Worldwide Machinery Solutions Private Limited. Worldwide Machinery Solutions Private Limited filed an application (IA No. 527/JPR/2023) seeking dismissal of the Company Petition. The Resolution Plan of SREI Equipment Finance Limited was approved, and National Asset Reconstruction Company Limited (NARCL) took over the management. Worldwide Machinery Solutions Private Limited argued that
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The application IA (IBC) No. 527/JPR/2023 was filed by Worldwide Machinery Solutions Pvt. Ltd. seeking dismissal of the Company Petition bearing CP No. (IB)-18/7/JPR/2023. The main application CP No. (IB) 18/7/JPR/2023 was preferred by SREI Equipment Finance Limited under Section 7 of the Code seeking initiation of Corporate Insolvency Resolution Process (CIRP) of the Corporate Debtor. Earlier, an Application under Section 227 read with Section 239(2)(zk) of the Code read with Rules 5 & 6 of the Insolvency & Bankruptcy (Insolvency and Liquidation Proceedings for Financial Service Providers and Application to Adjudicating Authority) Rules, 2019 was filed before the NCLT, Kolkata Bench by Reserve Bank of India (RBI) against the Financial Creditor. The NCLT
…SREI Equipment Finance Limited initiated Corporate Insolvency Resolution Process (CIRP) against Worldwide Machinery Solutions Private Limited under Section 7 of the IBC. During the CIRP of SREI Equipment Finance Limited, initiated by the Reserve Bank of India (RBI) before the NCLT Kolkata Bench, an administrator was appointed. The administrator continued the Section 7 application against Worldwide Machinery Solutions Private Limited. Worldwide Machinery Solutions Private Limited filed an application (IA No. 527/JPR/2023) seeking dismissal of the Company Petition. The Resolution Plan of SREI Equipment Finance Limited was approved, and National Asset Reconstruction Company Limited (NARCL) took over the management. Worldwide Machinery Solutions Private Limited argued that
…NCLT Kolkata Bench…
Implementation and Monitoring Committee…