NCLT Kolkata directs closure of CIRP since CIRP initiated with malicious intent to escape government dues

Nirmal Kanodia Vs Balajee Ingot India Private Limited (NCLT Kolkata) NCLT Kolkata taking recourse to section 65 of the Insolvency and Bankruptcy Code directs closure of CIRP since initiation of CIRP was done fraudulently with malicious intent to escape from government dues and for wrongful gain. Accordingly, order admitting CIRP in respect of Corporate Debtor [Balajee ingot India Private Limited] closed. Facts- This application has been preferred by Mr. Niraj Kumar Agrawal, the Resolution Professional of Balajee Ingot India Private Limited, under Section 30(6) read with Section 31 of the Insol...