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Application u/s. 33(2) of IBC for liquidation approved as no resolution plan received
Case Law Details
- Case Name
- SNK Rolling Bearing Vs Hoshiar Nirvair Tractors Private Limited (NCLT Chandigarh)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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SNK Rolling Bearing Vs Hoshiar Nirvair Tractors Private Limited (NCLT Chandigarh)
NCLT Chandigarh held that application u/s. 33(2) of the Insolvency and Bankruptcy Code for the initiation of the liquidation process of the Corporate Debtor [Hoshiar Nirvair Tractors Private Limited] stands approved as no resolution plan was received even after publication of Form G twice.
Facts- The present Application has been filed by Mr Parminder Singh Bhullar, Resolution Professional for Hoshiar Nirvair Tractors Private Limited, Corporate Debtor, under sub-section (2) of section 33 of the Insolvency and Bank...
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