SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2018 Supreme(Raj) 585

SANJEEV PRAKASH SHARMA
S. Jaipur Metals Electricals Ltd. – Appellant
Versus
Jaipur Metals and Electricals – Respondent


Advocates Appeared:
Abhiroop Das Gupta, Nitin Jain, P.K. Sharma, R.C. Joshi, Rajendra Prasad, S.S. Hora.

JUDGMENT AND ORDER :

Sanjeev Prakash Sharma, J.

1. On 26.04.2018, this Court, on having received an affidavit filed on behalf of the Interim Resolution Professional, stated to have been appointed by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016 (IBC), observed as under:-

"Prima-facie, once the case was pending before this Court and the concerned applicant Alchemist was already party to this Court proceedings and was well aware of the proceedings going on with regard to the revival proceedings and also had put up its proposal, at the same time the claim of workmen was also being examined for which the valuation report has been directed to be conducted by the Official Liquidator; there was no occasion for intervention by NCLT in the matter. It appears that no notice was issued to the State Government nor workmen were given any opportunity before admitting the same under the Code of 2016.

Learned Advocate General as well as Additional Advocate General state that they would like to file reply to the affidavit filed by the Interim Resolution Professional and pray for interim protection.

Taking into consideration the aforesaid aspect, implementation a


























































































































Click Here to Read the rest of this document

1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top