Examples of NCLT in a sentence
Sapthagiri Theatre, RTC ‘X’ Roads, Beside Metro Station, Pillar No.1096/1097, Hyderabad – 500 020 who was appointed vide order dated 16.02.2022 is directed to cause public notice published on behalf of the Adjudicating Authority within 7 days of uploading of this Order on the website of NCLT, Hyderabad, inviting claims from all creditors, who shall register their claims as provided under Section 103 of the Code within 21 days of such issuance.
The Liquidation Process of the Corporate Debtor has been initiated under the provisions of the IBC and the Liquidation Process Regulations by an order of the Hon’ble NCLT with effect from 31st August, 2023.
Meanwhile, a petition under Section 9 of the IBC was admitted against the CD by the NCLT, Hyderabad and liquidation order was passed on 10.10.2018.
It is to be noted that the petitions are filed by the company before NCLT after processing and communication of comments/observations on draft scheme by SEBl/ Stock exchange.
According to the Ld. Counsel, Form 1 must be complete in all respects for enabling NCLT to pass admission order in rem.