In the matter of Ang Industries Ltd. Ib- 292(ND)-2017
Case brief
What is this about?
The Tribunal directed the liquidator to approach IBBI for clarification on whether liquidation costs include expenditure for preserving records under Regulation 45A within ten days. The matter was listed for two weeks, and dasti was allowed.
What did the court decide?
Liquidator directed to approach IBBI for clarification on record preservation costs within 10 days; matter adjourned to 06.03.2023; dasti of order allowed.
IN THE NATIONAL COMPANY LAW TRIBUNAL: NEW DELHI
COURT-VI
Item No. 9 IB-292(ND)/2017
IN THE MATTER OF: M/s. ANG Industries Ltd.
...PETITIONER
Section
U/s 10, 13,14 of IBC Code,2016 Order delivered on 13.02.2023 (Virtual Hearing)
Coram:
SHRI P.S.N. PRASAD, HON’BLE MEMBER (JUDICIAL) SHRI RAHUL BHATNAGAR, HON’BLE MEMBER (TECHNICAL)
PRESENT: For the Liquidator : Mr. G.P.Madaan, Adv., Mr. Harimohana, Adv. (physically present) a/w Mr. Ankit Sinha , Liquidator (Virtually present)
ORDER
IA/1583/2022
Issues for consideration
2 issues framed by the court
Clarification required on liquidation costs covering records preservation expenditure under Regulation 45A.
Whether liquidation cost expressly includes meeting all expenditure for dissolution of Corporate Debtor.
Parties & counsel
- petitioner
M/s. ANG Industries Ltd.
- other
Liquidator
Coram
P.S.N. PRASAD
Case details
As recorded by the court registry
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