Punjab National Bank v. M/S Chhattisgarh Steel And Power Limited

NAFR HIGH COURT OF CHHATTISGARH, BILASPUR COMP No. 18 of 2016 • Punjab National Bank A Banking Company Constituted Under The Banking Companies (Acquisition And Transfer Of Undertakings) Act, 1970, Having Its Head Office At 7, Bhikaji Cama Place, New Delhi, And Jaistambh Chowk Branch amongst others At Lalganga City Mart, Motibagh Road, Raipur, Chhattisgarh, 492001 ---- Petitioner

Versus

• M/s Chhattisgarh Steel And Power Limited A Company Incorporated Under The Companies Act, 1956 Presently Having Its Registered Office At G-5, Wallfort Ozone, Fafadih Chowk, Raipur, Chhattisgarh 492001 Through Anyone Of Its Directors ---- Respondent For Petitioner Shri S. S. Rajput, Advocate Hon'ble Shri Justice Prashant Kumar Mishra Order On Board 04/01/2017 1.

Learned counsel for the petitioner would fairly submit that the present petition for winding up of the Company M/s Chhattisgarh Steel and Power Limited has been preferred under Clause (e) of sub-section (1) of Section 433 of the Companies Act, 1956, therefore, in view of the notification issued by the Ministry of Corporate Affairs, Government of India on 07.12.2016 framing the Companies (Transfer of

Pending Proceedings) Rules, 2016, the present petition in which notices have not yet been issued to the respondent, it is required to be transferred to the Bench of the National Company Law Tribunal constituted under Section 408 of the Companies Act, 2013.

2.

In view of the above, the company petition is transferred to the jurisdictional bench of the National Company Law Tribunal. The Registry shall take desired steps at the earliest.

Sd/- JUDGE PRASHANT KUMAR MISHRA Nirala