State Bank of India v. Epitome petrochemical Pvt. Ltd.
Case brief
What is this about?
Appellant SBI preferred this appeal after the NCLT ordered liquidation of the Respondent company under Insolvency and Bankruptcy Code. Bench found previous order unalterable and disposed of appeal without hearing.
What did the court decide?
Disposal of recovery appeal to prevent impugning a final liquidation order.
What the court decided
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
Diary No. 533 of 2021 (Arising out of S.A. 89 of 2017 in DRT-I, Kolkata)
THE HON’BLE MR. JUSTICE ANIL KUMAR SRIVASTAVA CHAIRPERSON
09.10.2023 State Bank of India … Appellant -VsEpitome Petrochemical Private Limited & 5 Others … Respondents
Mr. Soumya Roy, Learned Counsel for Appellant
Mr. Gaurav Singh, Learned Counsel for Respondents No. 2 and 3
THE APPELLATE TRIBUNAL :
Learned Counsel for Appellant places a judgment of NCLT, Kolkata Bench (M/s. Gypsy Logistics Private Limited -vs- M/s. Epitome Petrochemical Private Limited) wherein it was ordered that Respondent No. 1 shall be liquidated in terms of Section 33 (2) of the Code read with sub-section (1) thereof.
Accordingly, this appeal cannot proceed and is liable to be disposed of.
Accordingly, the appeal stands disposed of.
Vakalatnama filed by Respondents No. 2 and 3 is taken on record.
Parties & counsel
- appellant
State Bank of India
- respondent
Epitome Petrochemical Private Limited
- respondent
5 Others
Coram
Case details
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