Disposed
In the matter of Starlit Powers Systems Limited (IB)-744(ND)-2022
Case brief
AI extract
What is this about?
The Tribunal stayed proceedings in an IBC Section 7 application. It directed the applicant to submit a fresh Part IV specifying the debt default date and to prove its eligibility to advance a working capital loan under Section 186 of the Companies Act 2013.
What did the court decide?
Applicant directed to file fresh Part IV specifying default date and prove eligibility under Section 186 of FEMA and 2013 simultaneously with audited balance sheets.