NCLT JUDGEMENT ON SECTION 7, 12, 14, 21, 30(4), 30(6), 33, 33(1)(A), 33(5), 34(1), 35(1) OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016, REGULATION 6(1), 17 OF THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSONS) REGULATIONS, 2016, REGULATION 12, 13 OF THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (LIQUIDATION PROCESS) REGULATIONS, 2016 AND SECTION 230 OF THE COMPANIES ACT, 2013
NAME MOBILE NO. E-MAIL I’D RANJEET KUMAR 8383098478 , 9667769795 rk@courtkutchehry.com JAI THAKUR 8130703334 , 9355723300 jai.thakur@courtkutchehry.com RAJEEV RANJAN 9334553249 rajiv.ranjan@courtkutchehry.com ASHOK MISHRA 9718327746 sales@courtkutchehry.com RAVI KUMAR ravi.singh@courtkutchehry.com Punjab National Bank Vs. Beta Infratech Private Limited And Ors, (2020) 07 NCLT CK 0083 NCLT allowed the application filed by the applicant, under Section 33(1)(a) of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred as the "Code") for issuance of directions for liquidation of the Corporate Debtor. While allowing the application NCLT held that in the factual background and in the absence of any approved resolution plan and for want of time beyond statutory CIRP period; there is no other alternative left but to order in conformity with the decision of the Committee of Creditors, for liquidation of the corp...