Even the name of Corporate Debtor has been struck off from the Register of Companies (RoC), Pre-Packed Insolvency Resolution Process (PPIRP) petition is maintainable by virtue of the provisions of Companies Act, 2013 and Insolvency and Bankruptcy Code, 2016 – Mudraa Lifespaces Pvt. Ltd. – NCLT Mumbai Bench

In Section 54C petition, NCLT Mumbai Bench held that from the MCA details of Mudraa Life Spaces Pvt. Ltd. that the Corporate Debtor’s status on the website of the Ministry of Corporate affairs is displayed as “Strike Off”. However, the Hon’ble NCLAT, New Delhi, in case of Hemang Phophalia vs. the Greater Bombay Co-operative Bank Ltd. & Anr. [2019] ibclaw.in 149 NCLAT held that the company petition in respect of company whose name has been struck off from the register of companies, is maintainable by virtue of the provisions of Companies Act, 2013 and Insolvency and Bankruptcy Code, 2016.

Even the name of Corporate Debtor has been struck off from the Register of Companies (RoC), Pre-Packed Insolvency Resolution Process (PPIRP) petition is maintainable by virtue of the provisions of Companies Act, 2013 and Insolvency and Bankruptcy Code, 2016 – Mudraa Lifespaces Pvt. Ltd. – NCLT Mumbai Bench Read Post »