Piyush Kisanlal Jani v. Office of Official Liquidator
Case brief
What is this about?
Keywords: Avesthagen Limited; Interim Resolution Professional; Piyush Kisanlal Jani; Official Liquidator; Provisional Liquidator; attachment of assets; handover of possession to IRP; admission to insolvency process; CPIB No.161/BB/2024; order dated 6.2.2026; Company Application No.133 of 2015; CA No.2393 of 2013; order dated 28.07.2015; transfer of company-court matter to NCLT; Company Court Rules 1959 Rules 6 and 9; Companies Act 1956; Panacea Biotech Limited; Company Petition No. 40 of 2015; Karnataka High Court company court; disposal of company application.
What did the court decide?
Registry directed to forward the files to the NCLT; Official Liquidator (appointed as Provisional Liquidator) directed to hand over possession of the assets and documents available with him to the Interim Resolution Professional as per the directions issued by the NCLT; the direct prayer to vacate the 28.07.2015 order was not granted but the matter was routed to the NCLT consequent to the insolvency admission.