In the matter of Aryavrat Trading Pvt. Ltd. [IA(IBC)1425(KB)2023 in CP(IB)-430(KB)2019
Case brief
What is this about?
Interim order requiring the Liquidator to submit missing audited statements, original bank records, annexures, a declaration on bank account closures, and an undertaking from the lead bank before granting closure under Section 54(1) of the IBC.
What the court decided
IN THE NATIONAL COMPANY LAW TRIBUNAL DIVISION BENCH, (Court – II) KOLKATA
IA(IBC)1425(KB)2023 In
CP(IB)/430(KB)2019
An application under section 54(1) of the Insolvency and Bankruptcy Code, 2016 read with regulation 45(3) of the IBBI (Liquidation Process) Regulations, 2016
In the matter of:
Bank of Baroda (erstwhile Dena Bank);
…Financial Creditor
-Versus-
M/s. Aryavrat Trading Pvt. Ltd. ( CIN: U70200WB1995PTC071258 );
…Corporate Debtor
Represented by its Liquidator – Mrs. Rachna Jhunjhunwala, …. Applicant/Liquidator
Date of Hearing: 20/09/2023
Issues for consideration
2 issues framed by the court
Documents required to be furnished by the Liquidator for closure of liquidation process
Undertaking required from the lead bank regarding avoidance application under section 43 to 66
Parties & counsel
- petitioner
Bank of Baroda
- respondent
M/s. Aryavrat Trading Pvt. Ltd.
Coram
Bidisha Banerjee
Case details
As recorded by the court registry
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