The Corporate Insolvency Resolution Process ('CIRP') of Maruti Koatsu Cylinders Limited was initiated before the National Company Law Tribunal (‘NCLT') Ahmedabad on 26.04.2018. The resolution plan was approved by the Committee of Creditors (‘CoC′) on 04.04.2019 and was also approved by the NCLT on 22.10.2019. The Regional Provident Fund Commissioner filed a claim before the Resolution Professional on 09.10.2019 regarding the provident fund dues which was not considered. An appeal before the National Company Law Appellate Tribunal (‘NCLAT′) was filed on 14.12.2020 by the Regional Provident Fund Commissioner against the order dated 22.10.2019 approving the resolution plan. The NCLAT issued a notice in this appeal on 19.01.2021.
The Corporate Insolvency Resolution Process (CIRP) of Maruti Koatsu Cylinders Limited was initiated on 26.04.2018. The resolution plan was approved by the Committee of Creditors on 04.04.2019 and by the NCLT on 22.10.2019. The Regional Provident Fund Commissioner filed a claim on 09.10.2019, which was not considered. The Regional Provident Fund Commissioner filed an appeal before the NCLAT on 14.12.2020 against the NCLT's order approving the resolution plan. The NCLAT issued a notice in the appeal on 19.01.2021. Safire Technologies Pvt. Ltd., the appellant, challenged the issuance of this notice, arguing that the appeal was filed with a delay of 388 days. The respondent argued that the limitation period should start from the date of knowledge, as they were not a party
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Corporate Insolvency Resolution Process…
The resolution plan was…
The Corporate Insolvency Resolution Process ('CIRP') of Maruti Koatsu Cylinders Limited was initiated before the National Company Law Tribunal (‘NCLT') Ahmedabad on 26.04.2018. The resolution plan was approved by the Committee of Creditors (‘CoC′) on 04.04.2019 and was also approved by the NCLT on 22.10.2019. The Regional Provident Fund Commissioner filed a claim before the Resolution Professional on 09.10.2019 regarding the provident fund dues which was not considered. An appeal before the National Company Law Appellate Tribunal (‘NCLAT′) was filed on 14.12.2020 by the Regional Provident Fund Commissioner against the order dated 22.10.2019 approving the resolution plan. The NCLAT issued a notice in this appeal on 19.01.2021.
The Corporate Insolvency Resolution Process (CIRP) of Maruti Koatsu Cylinders Limited was initiated on 26.04.2018. The resolution plan was approved by the Committee of Creditors on 04.04.2019 and by the NCLT on 22.10.2019. The Regional Provident Fund Commissioner filed a claim on 09.10.2019, which was not considered. The Regional Provident Fund Commissioner filed an appeal before the NCLAT on 14.12.2020 against the NCLT's order approving the resolution plan. The NCLAT issued a notice in the appeal on 19.01.2021. Safire Technologies Pvt. Ltd., the appellant, challenged the issuance of this notice, arguing that the appeal was filed with a delay of 388 days. The respondent argued that the limitation period should start from the date of knowledge, as they were not a party
…Corporate Insolvency Resolution Process…
The resolution plan was…