Back
NATIONAL COMPANY LAW TRIBUNAL
Shanti GD Ispat and Power Private Limited – Appellant
Versus
Charudutt Marathe – Respondent
| Table of Content |
|---|
| 1. background of liquidation and auction process (Para 2) |
| 2. arguments on payment delays and gst applicability (Para 3 , 4 , 5 , 6) |
| 3. court's consideration on sale cancellation (Para 8 , 9) |
| 4. final decision on applications dismissed (Para 10) |
ORDER
IA (IBC)/153/2025:
This Interlocutory application (IA) is filed by the Successful Bidder/Applicant, seeking the reliefs from this Adjudicating Authority, which are extracted below:
2. The Counsel for the Applicant summarized the facts of the Case as below:
(i) This Adjudicating Authority vide its order dated 18.04.2022 in Petition No. CP (IB)/4/7/AMR/2021 admitted the Saradambika Power Plant Private Limited (Corporate Debtor) into Corporate Insolvency Resolution Process (CIRP) and appointed the Respondent No. 1 as the Resolution Professional.
(ii) Subsequently, this Adjudicating Authority vide its order dated 03.02.2023 in IA (IBC)/340/2022 passed the liquidation order of the Corporate Debtor and appointed the Respondent No. 1 as the Liquidator.
(iii) The Liquidator issued e-auction notice dated 30.11.2023 in respect of sale of Corporate Debtor as a going concern. Pursuant to the e- auction held on 30.12.2023, the Applicant was t
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
