The application IA(IBC)579/CHE/2022 in CP/1307/IB/2018 was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the National Company Law Tribunal Rules, 2016, by the Promoters of the Corporate Debtor, M/s. The Jeypore Sugar Company Limited, seeking interim reliefs.
The application was filed by the Promoters of the Corporate Debtor.
The application seeks interim reliefs against the Liquidator.
Allegations are made against the Liquidator regarding the sale of assets and handling of litigation.
The 3rd Respondent has submitted a Scheme under Section 230 of Companies Act, 2013.
NCLAT is seized of the matter pertaining to the Scheme proposed under Section 230 of the Companies Act, 2013.
The Tribunal directed the Liquidator to order for fresh valuation of the assets of the Corporate Debtor including the Rayagada Property vide its order dated 17.11.2021 in IA/255(CHE)/2021.
The Hon'ble NCLAT has stayed the order passed by this Tribunal dated 17.11.2021.
Sign in to view the parties.
Order pronounce…
Tribunal vide its order dated 17.11.2021 in…
The application IA(IBC)579/CHE/2022 in CP/1307/IB/2018 was filed under Section 60(5) of the Insolvency and Bankruptcy Code, 2016 read with Rule 11 of the National Company Law Tribunal Rules, 2016, by the Promoters of the Corporate Debtor, M/s. The Jeypore Sugar Company Limited, seeking interim reliefs.
The application was filed by the Promoters of the Corporate Debtor.
The application seeks interim reliefs against the Liquidator.
Allegations are made against the Liquidator regarding the sale of assets and handling of litigation.
The 3rd Respondent has submitted a Scheme under Section 230 of Companies Act, 2013.
NCLAT is seized of the matter pertaining to the Scheme proposed under Section 230 of the Companies Act, 2013.
The Tribunal directed the Liquidator to order for fresh valuation of the assets of the Corporate Debtor including the Rayagada Property vide its order dated 17.11.2021 in IA/255(CHE)/2021.
The Hon'ble NCLAT has stayed the order passed by this Tribunal dated 17.11.2021.
Order pronounce…
Tribunal vide its order dated 17.11.2021 in…