The case involves an appeal against an order by the Company Court (High Court of Allahabad) refusing to transfer a winding-up petition to the National Company Law Tribunal (NCLT). A financial creditor, M/S Kaledonia Jute and Fibres Pvt. Ltd., filed this appeal. The winding-up petition was originally filed in 2015 before the High Court of Allahabad under Section 433 of the Companies Act, 1956, due to the inability of M/S Axis Nirman and Industries Ltd. to pay its debts. The Company Court ordered notice, but the respondent failed to appear. Subsequently, the Company Court admitted the petition and directed publication. The Company Court later directed the winding up of the respondent company in 2016. The respondent then applied for recalling the winding-up order and paid
…M/S Kaledonia Jute and Fibres Pvt. Ltd. (the appellant) is a financial creditor of M/S Axis Nirman and Industries Ltd. (the first respondent). In 2015, a petition was filed in the High Court of Allahabad for winding up the first respondent under Section 433 of the Companies Act, 1956, due to its inability to pay debts. The Company Court ordered notice, but the first respondent failed to appear. The Company Court admitted the petition and directed publication. On 10.03.2016, the Company Court directed the winding up of the first respondent. The first respondent applied for recalling the winding-up order and paid the petitioning creditor. The official liquidator opposed the recall, citing outstanding debts to other creditors amounting to Rs.27 Crores. The Company Court
…Sign in to view the parties.
M/s Girdhar Trading Co. filed a petition in…
The Company Court ordered the admission of…
The case involves an appeal against an order by the Company Court (High Court of Allahabad) refusing to transfer a winding-up petition to the National Company Law Tribunal (NCLT). A financial creditor, M/S Kaledonia Jute and Fibres Pvt. Ltd., filed this appeal. The winding-up petition was originally filed in 2015 before the High Court of Allahabad under Section 433 of the Companies Act, 1956, due to the inability of M/S Axis Nirman and Industries Ltd. to pay its debts. The Company Court ordered notice, but the respondent failed to appear. Subsequently, the Company Court admitted the petition and directed publication. The Company Court later directed the winding up of the respondent company in 2016. The respondent then applied for recalling the winding-up order and paid
…M/S Kaledonia Jute and Fibres Pvt. Ltd. (the appellant) is a financial creditor of M/S Axis Nirman and Industries Ltd. (the first respondent). In 2015, a petition was filed in the High Court of Allahabad for winding up the first respondent under Section 433 of the Companies Act, 1956, due to its inability to pay debts. The Company Court ordered notice, but the first respondent failed to appear. The Company Court admitted the petition and directed publication. On 10.03.2016, the Company Court directed the winding up of the first respondent. The first respondent applied for recalling the winding-up order and paid the petitioning creditor. The official liquidator opposed the recall, citing outstanding debts to other creditors amounting to Rs.27 Crores. The Company Court
…M/s Girdhar Trading Co. filed a petition in…
The Company Court ordered the admission of…