India News | 26-year-old Man Killed, Six Others Injured as Bus Falls into Ditch in UP's Shamli
Get latest articles and stories on India at LatestLY. One person was killed and six others including two women were seriously injured when their speeding bus turned over and fell into a ditch on a highway in Shamli district of Uttar Pradesh on Thursday, police said.
Shamli (UP), Jul 16 (PTI) One person was killed and six others including two women were seriously injured when their speeding bus turned over and fell into a ditch on a highway in Shamli district of Uttar Pradesh on Thursday, police said.
The incident happened on Panipat-Shamli highway near Manna Majra village in Shamli district in the evening when the driver lost control of the bus leading to the vehicle falling into the ditch, SHO Yashpal Dhama said.
According to the SHO, the deceased was identified as Waseem (26).
The injured have been admitted a nearby hospital. PTI CORR HDA HDA 07162247 NNNNit is proper to approve the settlement. Accordingly, we hereby allow the prayer of the IRP and the company petition… stands dismissed as withdrawn and the order dated June 25, 2020, by the CIRP was ordered to be initiated in the present matter is hereby set aside," said the NCLT in its order dated July 10.
Also Read | Mumbai Building Collapse: Four Killed, 13 People Rescued by NDRF, CM Uddhav Thackeray Inspects Relief Works.
Earlier on June 25, the NCLT had admitted a plea against V2 Retail Ltd by Totem Media Solutions and directed to initiate insolvency proceedings against it. The tribunal had also appointed an interim resolution professional to start the insolvency resolution process of the retailer.
The NCLT direction had come over a plea filed by Totem Media Solutions, a company engaged into the sale of advertising printing space, claiming a default totalling to Rs 86.61 lakh along with the interest.
V2 Retail had contested the claims arguing that higher amount was charged from it for publication of advertisement.
However, the tribunal had rejected the claims of V2 Retail, saying that it had raised no dispute over the invoice notice sent by the operational creditor.
"It has been established by the operational creditor that there is no payment of the operational debt, the invoice or notice for payment to the corporate debtor has been delivered by the operational creditor and no notice of dispute has been received by the operational creditor within 10 days of receipt of demand notice," the NCLT had said.
On June 30, in an update to the stock exchanges, V2 Retail said it has been intimated by the resolution professional about the commencement of corporate insolvency resolution process.
"In view of the Section 17, 18 and 20 of the Insolvency and Bankruptcy Code, 2016, the powers of the Board of Directors of Corporate Debtor shall stand suspended and such powers shall be vested with Mr Amit Gupta, an insolvency professional," V2 Retail had said.
V2 Retail, promoted by Ram Chander Agarwal, had reported a revenue of Rs 701.22 crore for FY 2019-20.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)