In the matter of Rolta India Ltd. C.P.(IB)-4375(MB)2018
Case brief
What is this about?
The Tribunal closed the Section 7 application as infructuous because the corporate debtor had already been admitted in a separate petition.
What did the court decide?
The application is closed; liberty to file the claim before the Interim Resolution Professional of CPA/IB/530/2020 is granted.
What the court decided
NATIONAL COMPANY LAW TRIBUNAL COURT-I, MUMBAI BENCH
Item 2 C.P. (IB)/4375(MB)2018
CORAM:
SH. SHYAM BABU GAUTAM JUSTICE P.N. DESHMUKH (Retd.) HON’BLE MEMBER (T) HON’BLE MEMBER (J)
ORDER SHEET OF THE HEARING ON 19.01.2023
NAME OF THE PARTIES : VALUE PARTNERS GREATER CHINA
HIGH YIELD INCOME FUND & ANR
Vs.
ROLTA INDIA LTD
Appearance (via video-conference): For the Applicant : Mr. Ravindra Kadam, Senior Advocate, Mr. Malhar Zatakia, Mr. Dhananjay Kumar, Mr. Anush Mathkar, Ms. Surbhi Pareek and Mr. Rishit Vimadalal, i/b Cyril Amarchand Mangaldas, Advocates
For the Respondent
: Adv. Ashish Kamat
Issues for consideration
2 issues framed by the court
Whether a Section 7 application filed after the corporate debtor has been admitted under Section 7 remains maintainable.
Whether the applicant is granted liberty to file the claim in the admitted petition.
Parties & counsel
- applicant
Value Partners Greater China High Yield Income Fund & Anr
- respondent
Rolta India Ltd
Coram
Shyam Babu Gautam
Case details
As recorded by the court registry
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