In the matter of Topworth Infra Private Limited C.P. No. 2231-I&BP-2019
Case brief
What is this about?
The National Company Law Tribunal admitted a petition filed by Skylark Highway Solutions Limited seeking to initiate CIRP against Topworth Infra Private Limited for alleged default in payment of dues. The Bench found the default admitted and declared moratorium.
What did the court decide?
Order admitting the petition, declaring moratorium, appointing the Interim Resolution Professional, and directing public announcement of CIRP.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE NATIONAL COMPANY LAW TRIBUNAL
MUMBAI BENCH
C.P. No. 2231/I&BP/2019
Under section 8 & 9 of the IBC, 2016 In the matter of
Skylark Highway Solutions Limited 1/84, 1st Floor, Sadar Bazar, Delhi Cantt, New Delhi.
...Petitioner
Topworth Infra Private Limited
Regd. Office: 308. 3rd Floor Ceejay House, Dr. A. B Road, Worli, Mumbai Maharastra-400018.
… Corporate Debtor
Coram:
Hon’ble Smt. Suchitra Kanuparthi, Member (Judicial) Hon’ble Shri V. Nallasenapathy, Member (Technical)
For the Petitioner: Mr. Jasdeep Singh Dhillon, Mr. Suyoga Rajguru, Advocates i/b M.P. Savla & Co. For the Corporate Debtor: Mr. Ratnaveer Singh, Advocate
Issues for consideration
2 issues framed by the court
Whether the petition for initiating Corporate Insolvency Resolution Process against the Corporate Debtor deserves admission.
Whether the Bench is satisfied with the compliance of provisions under Section 8 & 9 of the Code.
Parties & counsel
- petitioner
Skylark Highway Solutions Limited
Coram
Suchitra Kanuparthi
V. Nallasenapathy
Case details
As recorded by the court registry
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