In the matter of Aniirudh Civil Engineers and Contractors Private Limited Cp (Ib) No. 2127-MB-IV-2019
Case brief
What is this about?
NCLT admitted the petition filed by UltraTech Cement Limited under Section 9 of the I&B Code, 2016, against Aniirudh Civil Engineers for initiating CIRP due to default on certified operational debt, and imposed moratorium under Section 14.
What did the court decide?
Admitted the petition for CIRP and imposed moratorium prohibiting suits, transfer of assets, and enforcement of security interests. Appointed IRP.
What the court decided
IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH-IV
CP (IB) No. 2127/MB-IV/2019
Under Section 9 of the I&B Code, 2016
In the matter of:
UltraTech Cement Limited
[CIN: L26940MH2000PLC128420]
…Operational Creditor/Applicant
V/s
Aniirudh Civil Engineers and Contractors Private Limited
[CIN: U45400MH2011PTC223994]
...Corporate Debtor/Respondent
Order Dated: 03.03.2023
| Coram: |
|---|
Issues for consideration
2 issues framed by the court
Whether the application filed by the operational creditor is maintainable under Section 9 of the I&B Code, 2016.
Whether the admission of the petition warrants imposition of moratorium under Section 14 of the I&B Code, 2016.
Parties & counsel
- appellant
UltraTech Cement Limited
Coram
Prabhat Kumar
Kishore Vemulapalli
Case details
As recorded by the court registry
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