Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2021 (11) TMI 182

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... serve the copy of amended application to all the respondents by all modes including on the email id of the Respondents - List the matter on 26.10.2021. - IB-1721/PB/2019, IA/3748/2021, IA/4482/2020, IA/4865/2020 and IA/580/2021 - - - Dated:- 6-10-2021 - Abni Ranjan Kumar Sinha, Member (J) And Kapal Kumar Vohra, Member (T) For the Appellant : Bhavana Duhoon, Adv. and Satyadevi Alamuri, RP For the Respondents : Ankit Sibbal, Advocate ORDER IA/3783/2021 : - 1. By filing this application, the applicant has prayed for extension of 90 days beyond the period of 180 days. 2. She further submits that Resolution dated 17.03.2020 was approved by 77.83 per cent of the voting share of the members of the CoC. She further subm .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... from today. 10. Let a copy of this order be handed over to the RP to communicate with the respondents. List the matter on 26.10.2021. IA-580/2021:- 11. Ld. Counsel for the applicant submits that the applicant has filed an amended application under Rule 11 of the NCLT Rules and prayed for making amendment in IA-580/2021. 12. Heard the Ld. Counsel for the applicant and perused the averments made in the application. 13. Ld. Counsel for the applicant submits that earlier the applicant had sought relief against all the respondents but by filing this amended application, the applicant had confined his relief only against respondent No. 4. She further submits that although no specific prayer for deletion of the name of the responden .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ted to submit the audited financials for FYs 2019-20 and 2020-21. It was discussed that in view of the total assets of ₹ 128 crores as on 31.03.2019 (Pg 81 of addl affidavit of 23.08.21), why the petitioner wants to liquidate the company; they may also explore for possibility of keeping it a going concern. A few other aspects regarding the balance sheet as on 31.03.2019 were discussed including short term loans (assets) of ₹ 62 crores and other current assets of ₹ 44 crores, borrowing liability of ₹ 229 crores and other current liabilities of ₹ 207 crores. Ld. Counsel for petitioner was advised to respond to these queries for which Ld. Counsel for the petitioner has agreed to submit the response within next two .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates