Re: Narottam Plywood Industries Pvt Ltd -And- v. L & T Finance Ltd

O-42

IN THE HIGH COURT AT CALCUTTA

Original Jurisdiction ORIGINAL SIDE CP/846/2013 RE: NAROTTAM PLYWOOD INDUSTRIES PVT LTD -ANDL & T FINANCE LTD.

BEFORE:

The Hon'ble JUSTICE RAVI KRISHAN KAPUR Date : 16th December, 2022.

Appearance:

Mr. Shiv Chandra Prasad, Adv.

..for the P.F. Authorities The Court:- The Provident Fund authorities are represented. It is submitted on behalf of the Provident Fund authorities that though the matter is at a post-admission stage, no steps whatsoever had been taken by the Official Liquidator.

In view of the amended provisions of the Companies Act, 2013 and in view of the decisions in Action Ispat and Power Private Limited-versus-Shyam Metalics and Energy Limited reported in (2021) 2 SCC 641 and in A. Navinchandra Steels Private Limited -versus- Srei Equipment Finance Limited and Others reported in AIR 2021 SC 1180, I find that this Court does not have any jurisdiction to retain this proceeding.

In view of the aforesaid, CP/846/2013 stands transferred to the National Company Law Tribunal, Kolkata. The Department shall treat CP/846/2013 as disposed of insofar as the records of this Court are concerned.

It needless to mention that all connected applications also stand transferred to the National Company Law Tribunal, Kolkata. (RAVI KRISHAN KAPUR, J.) TO