https://www.taxtmi.com/caselaws?id=402918 The National Company Law Tribunal - Kolkata Bench approved the liquidation of Nippon Alloy Ltd. following the decision made by the committee of creditors due to the corporate debtor's financial distress, prolonged inactivity, lack of major assets, and the impact of the COVID-19 pandemic on the steel industry. Mr. Subodh Kumar Agrawal was appointed as the liquidator to carry out the liquidation process in accordance with the Insolvency and Bankruptcy Code. Legal proceedings against the corporate debtor were restricted upon initiation of the liquidation process, with the liquidator tasked to manage the liquidation proceedings and file necessary documents with the Registrar of Companies. en-us Tue, 08 Dec 2020 00:00:00 +0530 Sat, 30 Jan 2021 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402918 The National Company Law Tribunal - Kolkata Bench approved the liquidation of Nippon Alloy Ltd. following the decision made by the committee of creditors due to the corporate debtor's financial distress, prolonged inactivity, lack of major assets, and the impact of the COVID-19 pandemic on the steel industry. Mr. Subodh Kumar Agrawal was appointed as the liquidator to carry out the liquidation process in accordance with the Insolvency and Bankruptcy Code. Legal proceedings against the corporate debtor were restricted upon initiation of the liquidation process, with the liquidator tasked to manage the liquidation proceedings and file necessary documents with the Registrar of Companies. Case-Laws Insolvency and Bankruptcy Tue, 08 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402918