In the matter of Delta Iron and Steel Company Private Limited Cp (Ib) No.188-MB-IV-2021
Case brief
What is this about?
This order admits an application under Section 7 of the I&B Code filed by Aditya Birla Finance Limited against Delta Iron and Steel Company to initiate Corporate Insolvency Resolution Process, declaring a moratorium and appointing an Interim Resolution Professional.
What did the court decide?
Application admitted; Moratorium under Section 14 declared; Mr. Bhaskar Shetty appointed as Interim Resolution Professional.
What the court decided
IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH-IV
CP (IB) No.188/MB-IV/2021
Under Section 7 of the I&B Code, 2016
In the matter of:
Aditya Birla Finance Limited
[CIN: U65990GJ1991PLC064603]
…Financial Creditor/Applicant
V/s
Delta Iron and Steel Company Private Limited
[CIN: U27100MH1996PTC097025]
...Corporate Debtor/Respondent
Order Dated: 07.06.2022 Coram: Mr. Rajesh Sharma Mr. Kishore Vemulapalli Hon’ble Member (Technical) Hon’ble Member (Judicial) Appearances (via videoconferencing):
Issues for consideration
2 issues framed by the court
Whether the application for initiating Corporate Insolvency Resolution Process is liable to be admitted upon establishing default and financial debt.
Whether the moratorium under Section 14 of the I&B Code shall be declared upon admission of the application.
Parties & counsel
- applicant
Aditya Birla Finance Limited
- respondent
Delta Iron and Steel Company Private Limited
Coram
Rajesh Sharma
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court