GAUHATI HIGH COURT - PRINCIPAL SEAT AT GUWAHATI
FABTECH PROJECTS AND ENGINEERS LTD – Appellant
Versus
NUMALIGARH REFINERY LIMITED – Respondent
O R D E R
17-01-2022 Learned counsels for the petitioner, namely, Mr. C. P. Sharma, Sr. Advocate, assisted by Mr.
A. Lal, as well as learned counsel for the sole respondent Mr. N. Deka, were heard on 11.01.2022 and fixed the matter today for order.
2) Petitioner is a company registered under the Companies Act, 1956 and is engaged in the business of Design, fabrication, construction of pressure vessels including mounted storage vessels, heat exchangers, piping and skids of various industries; Execution of large engineering projects in the field of pressurised tanks and vessels and providing EPC services to reputed Oil Companies and Multi National Companies and Manufacturing 100% Cotton Yarn.
3) Since 24.09.2019, the petitioner company was under Corporate Insolvency Resolution Process (CIRP, in short) that was initiated by the National Company Law Tribunal, Mumbai under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016, in short). The said Tribunal on 24.09.2019 itself appointed an Interim Resolution Professional (IRP, in short) to conduct the CIRP of the petitioner company, who on 16.01.2020 issued the requisite Form G and thereafter on 04.03.2020 and 27.08.2020 issu
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