The Civil Revision Petition was filed against the order passed by the National Company Law Tribunal (NCLT), Division Bench, Chennai, which admitted an application in TCP/3(IB)/CB/2017 dated 07.07.2017 without notice to the corporate debtor. The petitioner, Cape Infrastructure Private Ltd., is the corporate debtor, while the respondent, Nupower Renewables Private Ltd., initiated action before the NCLT for default in payment. The operational creditor (Nupower Renewables) sent a notice to the branch office of the respondent at Chennai, and the Tribunal admitted the matter and passed consequential orders. The petitioner challenged the adherence to the mandatory provisions of the rules by the National Company Law Tribunal.
M/s. Cape Infrastructure Private Ltd. (the petitioner and corporate debtor) filed a Civil Revision Petition against an order passed by the National Company Law Tribunal (NCLT), Chennai. M/s. Nupower Renewables Private Ltd. (the respondent and operational creditor) initiated insolvency proceedings against the petitioner for default in payment. The operational creditor sent a notice to the branch office of the corporate debtor in Chennai, not the registered office in Nagercoil. The NCLT admitted the application without ensuring proper notice was served at the registered office. The petitioner argued that this violated Section 8 of the Insolvency and Bankruptcy Code (IBC) and related rules, which mandate notice to the registered office. The petitioner challenged the
…Sign in to view the parties.
The National Company Law Tribunal (NCLT),…
The High Court granted an interim stay of the…
The Civil Revision Petition was filed against the order passed by the National Company Law Tribunal (NCLT), Division Bench, Chennai, which admitted an application in TCP/3(IB)/CB/2017 dated 07.07.2017 without notice to the corporate debtor. The petitioner, Cape Infrastructure Private Ltd., is the corporate debtor, while the respondent, Nupower Renewables Private Ltd., initiated action before the NCLT for default in payment. The operational creditor (Nupower Renewables) sent a notice to the branch office of the respondent at Chennai, and the Tribunal admitted the matter and passed consequential orders. The petitioner challenged the adherence to the mandatory provisions of the rules by the National Company Law Tribunal.
M/s. Cape Infrastructure Private Ltd. (the petitioner and corporate debtor) filed a Civil Revision Petition against an order passed by the National Company Law Tribunal (NCLT), Chennai. M/s. Nupower Renewables Private Ltd. (the respondent and operational creditor) initiated insolvency proceedings against the petitioner for default in payment. The operational creditor sent a notice to the branch office of the corporate debtor in Chennai, not the registered office in Nagercoil. The NCLT admitted the application without ensuring proper notice was served at the registered office. The petitioner argued that this violated Section 8 of the Insolvency and Bankruptcy Code (IBC) and related rules, which mandate notice to the registered office. The petitioner challenged the
…The National Company Law Tribunal (NCLT),…
The High Court granted an interim stay of the…