Back
NATIONAL COMPANY LAW TRIBUNAL
Sushil Mahadeorao Kochey, Member(Judicial), Charanjeet Singh Gulati, Member(Technical)
Shanti International – Appellant
Versus
Mr. Ram Singh Setia (Liquidator) – Respondent
| Table of Content |
|---|
| 1. factual background of the liquidation process. (Para 1 , 2 , 3 , 4 , 5 , 6 , 8 , 9) |
| 2. argument regarding the purchaser's liabilities. (Para 11) |
| 3. court's observations on process adherence. (Para 12 , 13) |
| 4. analysis of statutory liabilities and their implications. (Para 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21) |
| 5. conclusion on reliefs and concessions sought. (Para 22 , 23 , 24) |
ORDER
1. The present I.A. is filed by Shanti International (‘the Applicant/Successful Bidder’), under Section 32A , Section 53 read with Section 60 (5) of the Insolvency and Bankruptcy Code, 2016 (‘the Code’/ ‘IBC’) read with Rule 11 of the National Company Law Tribunal Rules, 2016, seeking following reliefs:
a. Consider and allow this IA in terms of Section 60 (5) read with Rule 11 of NCLT Rules, 2016
b. Pass appropriate directions for transfer of ownership of Gajanan Solvex Limited to the Applicant along with certain essential reliefs and concessions as mentioned under Para 31 and aforementioned Table of the present application;
c. Direct the Corporate Debtor/ Applicant shall be at liberty in approach this Hon'ble Adjudicating Authority to address any difficulties faced with respect to implement
 | ||
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
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
