NCLT Directs To Initiate Insolvency Proceedings Against Syska
WEB13 hours ago · The National Company Law Tribunal (NCLT) has directed to initiate insolvency proceedings against Syska LED Lights, admitting the plea filed by its operational creditor — Sunstar Industries. Syska LED Lights, part of Pune-based SSK Group, operates in segments such as LED lights, personal care …
Syska LED Lights Insolvency: NCLT directs to initiate insolvency ...
WEB6 hours ago · Syska LED Lights Insolvency: The Mumbai bench of NCLT admitted the plea filed by Sunstar Industries, claiming total dues of Rs 7.70 crore and has appointed Debashis Nanda as the interim resolution professional suspending the board of Syska LED Lights, as per the provisions of the Insolvency & Bankruptcy Code (IBC).
NCLT directs to initiate insolvency proceedings against Syska LED ...
WEB14 hours ago · PTI / Updated: Oct 9, 2024, 12:36 IST. The National Company Law Tribunal has initiated insolvency proceedings against Syska LED Lights, a part of Pune's SSK Group, based on a plea by Sunstar ...
Syska LED Lights Faces Insolvency Proceedings: NCLT Orders CIRP
WEB14 hours ago · The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Syska LED Lights after an operational creditor, Sunstar Industries, claimed unpaid dues of Rs 7.70 crore. The NCLT rejected Syska's claims of a pre-existing dispute and ordered the initiation of the Corporate Insolvency Resolution Process (CIRP).
NCLT directs to initiate insolvency proceedings against Syska LED ...
WEB14 hours ago · Synopsis. The NCLT has initiated insolvency proceedings against Syska LED Lights after admitting a Rs 7.70 crore plea from Sunstar Industries. The tribunal appointed an interim resolution professional, rejecting claims of a pre-existing dispute and non-conformity with IBC provisions. The National Company Law …
NCLT directs to initiate insolvency proceedings against Syska LED …
WEB13 hours ago · The Mumbai bench of NCLT admitted the plea filed by Sunstar Industries, claiming total dues of Rs 7.70 crore and has appointed Debashis Nanda as the interim resolution professional suspending the ...
NCLT Admits Syska LED Lights Into Insolvency
WEB1 day ago · As per Sunstar Industries’ petition, Syska LED has defaulted payments of nearly Rs 7.7 crore. It is crucial to note that earlier this year, the NCLT had admitted Syska LED into insolvency on an application filed by another operational creditor by the name of NJ Electronics. However, this application was subsequently withdrawn as the two ...
NCLT sets aside Syska LED Light insolvency process as company, …
WEBMay 15, 2024 · MUMBAI: The Mumbai bench of the National Company Law Tribunal (NCLT) allows the withdrawal of the corporate insolvency resolution process (CIRP) against Syska LED Lights Pvt Ltd. Earlier, the tribunal had admitted the company under the insolvency resolution process and had appointed Ravi Prakash Ganti as the interim resolution professional for t...
Syska LED Lights Faces Insolvency Amid Debt Dispute
WEB14 hours ago · The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Syska LED Lights, a company within the Pune-based SSK Group, after admitting a plea by operational creditor Sunstar Industries. The creditor claims a debt of Rs 7.70 crore. The Tribunal's Mumbai bench has appointed Debashis Nanda as the interim resolution ...
Bankruptcy Looms for Syska LED Lights | India Infoline
WEB12 hours ago · In accordance with the Insolvency & Bankruptcy Code (IBC), the Mumbai bench of the NCLT accepted the appeal submitted by Sunstar Industries, which claimed total dues of Rs 7.70 crore. Debashis ...