NCLT Appoints Administrator for Atul Krishna Cold Storage

NCLT Allahabad hears a petition under Sections 241/242 of the Companies Act, 2013 concerning M/s Atul Krishna Preservation and Cold Storage.
Parties agree to appoint an Administrator to oversee company operations and manage the infusion of funds proportional to shareholding.
The immediate need for fund infusion is critical due to the ongoing crop season requiring cold storage functionality.
Outstanding disputes regarding past fund infusions by members are noted and will require further examination and hearing.