Tribunals and CommissionsDivision Bench(2021) 10 NCLT CK 0063

Reliance Commercial Finance Ltd vs V S Texmills Pvt Ltd

National Company Law Tribunal · Decided on 18 October 2021

HON’BLE JUDGES
Dr.Deepti Mukesh, Member (J) · Kaushalendra Kumar Singh, Member (T)
RESULT
Disposed Of
CASE NUMBER
IA 222 of 2020, 449, 507, 588(AHM) Of 2021

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Judgment

12 paragraphs · 167 words

IA No. 449/AHM/2021

Application by majority COC member - Canara Bank seeking liquidation of the Corporate  Debtor  in  view  of Resolution  Applicant  completely  failed  in compliance of making payment as per resolution plan.

Let the copy be served to the Ex-directors.

IA No. 588/AHM/2021

Application by Ex-directors seeking impleadment in IA 449/2021, which is liquidation application.

The ex-directors / applicant herein are allowed to file their objection in IA 449(AHM)2021. Hence, this application is disposed of with the above direction.

IA No. 507/AHM/2021

Application by Successful Resolution Applicant seeking extension of time for making payment in compliance of approved resolution plan. Let the copy be served to the COC members and response, if any, be filed within two weeks.

IA No. 222/AHM/2021

Application by the Successful Resolution Applicant.

Learned Counsel on behalf of Applicant states that arguing counsel is not available today. Hence, requesting for adjournment.

IA No. 449 of 2021, IA No. 507 of 2021 and IA No. 222 of 2021 to be listed on 01.12.2021.