Amira Pure Foods Private Limited, the petitioner and corporate debtor, approached the Delhi High Court through its Interim Resolution Professional/Resolution Professional (IRP/RP) appointed by the National Company Law Tribunal (NCLT) under the Insolvency & Bankruptcy Code, 2016. This was to set aside an order dated 22.04.2019 passed by the Debt Recovery Appellate Tribunal (DRAT) in Miscellaneous Appeal No.548/2018. The DRAT had appointed court commissioners to take over the assets of the petitioner. The IRP/RP sought to take control of the corporate debtor's assets, including perishable goods, but the DRAT did not grant an early hearing on the matter. The petitioner had previously filed W.P.(C) No.3619/2019, which was disposed of on 01.04.2009.
Amira Pure Foods Private Limited faced proceedings initiated by Canara Bank before the Debt Recovery Tribunal (DRT) under the Recovery of Debts Due to Banks & Financial Institutions Act, 1993. The DRT's proceedings led to the matter reaching the Debt Recovery Appellate Tribunal (DRAT). On 15.11.2018, the DRAT appointed court commissioners to take over the assets of Amira Pure Foods, including perishable goods like grains. Meanwhile, proceedings were also underway before the NCLT, where an IRP/RP was appointed for Amira Pure Foods on 11.12.2018. The IRP/RP sought to take control of the assets but was hindered by the DRAT's order and the appointed court commissioners. The DRAT did not consider the application for early hearing moved by the IRP/RP. The DRAT passed an
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DRAT appointed respondent nos. 2 & 3 as Joint…
The IRP/RP was…
Amira Pure Foods Private Limited, the petitioner and corporate debtor, approached the Delhi High Court through its Interim Resolution Professional/Resolution Professional (IRP/RP) appointed by the National Company Law Tribunal (NCLT) under the Insolvency & Bankruptcy Code, 2016. This was to set aside an order dated 22.04.2019 passed by the Debt Recovery Appellate Tribunal (DRAT) in Miscellaneous Appeal No.548/2018. The DRAT had appointed court commissioners to take over the assets of the petitioner. The IRP/RP sought to take control of the corporate debtor's assets, including perishable goods, but the DRAT did not grant an early hearing on the matter. The petitioner had previously filed W.P.(C) No.3619/2019, which was disposed of on 01.04.2009.
Amira Pure Foods Private Limited faced proceedings initiated by Canara Bank before the Debt Recovery Tribunal (DRT) under the Recovery of Debts Due to Banks & Financial Institutions Act, 1993. The DRT's proceedings led to the matter reaching the Debt Recovery Appellate Tribunal (DRAT). On 15.11.2018, the DRAT appointed court commissioners to take over the assets of Amira Pure Foods, including perishable goods like grains. Meanwhile, proceedings were also underway before the NCLT, where an IRP/RP was appointed for Amira Pure Foods on 11.12.2018. The IRP/RP sought to take control of the assets but was hindered by the DRAT's order and the appointed court commissioners. The DRAT did not consider the application for early hearing moved by the IRP/RP. The DRAT passed an
…DRAT appointed respondent nos. 2 & 3 as Joint…
The IRP/RP was…