LAWS(NCLT)-2018-1-606

STATE BANK OF INDIA Vs. ELECTROSTEEL STEELS LTD

Decided On January 11, 2018
STATE BANK OF INDIA Appellant
V/S
ELECTROSTEEL STEELS LTD Respondents

JUDGEMENT

(1.) Ld. Counsel for the Resolution Professional (RP) , financial creditor, the R2, R3 & R4 and intervener in CA (IB) No. 33/KB/2018 is present.

(2.) Ca (IB) No. 33/KB/2018 has been moved by the RP wherein following reliefs were sought for:

(3.) It appears from the record that the application has been moved by the Vice President (Commercial) of the corporate debtor to the Director of Mines, Department of Steel and Mines to continue the procurement of raw material from the Odisha in an uninterrupted manner during the period of Corporate Insolvency Resolution Process which has been initiated by the Adjudicating Authority/NCLT, Kolkata Bench under the Insolvency and Bankruptcy Code, 2016.