Tribunals and CommissionsDivision Bench(2022) 01 NCLT CK 0400

Intec Capital Ltd. vs Excel ComputerisedEmbriodery Pvt. Ltd.

National Company Law Tribunal · Decided on 11 January 2022

HON’BLE JUDGES
P.S.N. Prasad, Member (Judicial) · Sumita Purkayastha, Member (Technical)
RESULT
Allowed
CASE NUMBER
IA-90/ND/2022

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Judgment

6 paragraphs · 86 words

ORDER

IA-90/ND/2022:

We have heard the submissions made by the Counsel appearing in the matter and perused the contents of the application. This application filed under Section 12A of IBC Code 2016, is allowed. The Company Petition IB-142/ND/2021 titled as Intec Capital Limited versus Excel Computerised Embroidery Private Limited.

Hence, IB-142/ND/2021 stands dismissed as withdrawn.

Mr. Piyush Moona, IRP is discharged from the duties and responsibilities in the matter and the Corporate Debtor is relieved from the clutches of the CIRP process.

IA is disposed of.