The case involves an application by Invent Assets Securitisation and Reconstruction Private Limited, acting as a trustee, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Unit Construction Company Private Limited. The Corporate Debtor was previously subject to winding-up proceedings initiated by Jyoti Udyog in the High Court at Calcutta, which were later transferred to the National Company Law Tribunal (NCLT), Kolkata.
Jyoti Udyog filed a company petition against Unit Construction Company Private Limited for winding up before the High Court at Calcutta, which was admitted on 07.05.2013.
The High Court directed the Corporate Debtor to repay certain sums of money on 25.06.2014, failing which winding up would follow, and the Official Liquidator was granted liberty to take possession of assets.
The Corporate Debtor filed an application seeking modification of the order, which was disposed of on 18.09.2014, directing adherence to the original order.
The High Court clarified on 07.05.2015 that the Corporate Debtor had gone into liquidation by virtue of the order dated 25.06.2014.
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The Hon'ble High Court at Calcutta admitted the…
The Hon'ble High Court directed the Corporate…
The case involves an application by Invent Assets Securitisation and Reconstruction Private Limited, acting as a trustee, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Unit Construction Company Private Limited. The Corporate Debtor was previously subject to winding-up proceedings initiated by Jyoti Udyog in the High Court at Calcutta, which were later transferred to the National Company Law Tribunal (NCLT), Kolkata.
Jyoti Udyog filed a company petition against Unit Construction Company Private Limited for winding up before the High Court at Calcutta, which was admitted on 07.05.2013.
The High Court directed the Corporate Debtor to repay certain sums of money on 25.06.2014, failing which winding up would follow, and the Official Liquidator was granted liberty to take possession of assets.
The Corporate Debtor filed an application seeking modification of the order, which was disposed of on 18.09.2014, directing adherence to the original order.
The High Court clarified on 07.05.2015 that the Corporate Debtor had gone into liquidation by virtue of the order dated 25.06.2014.
…The Hon'ble High Court at Calcutta admitted the…
The Hon'ble High Court directed the Corporate…