The case involves an appeal against an order by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, preferred by Raj Process Equipments and Systems Pvt. Ltd. The appellant, Mr. Abhishek Jaiswal, shareholder of Welcome Distilleries Private Limited, challenged the order. The Adjudicating Authority passed the impugned order without issuing notice to the Corporate Debtor. Parties have reached a settlement.
Mr. Abhishek Jaiswal, a shareholder of Welcome Distilleries Private Limited (the Corporate Debtor), appealed against an order dated March 6, 2019, by the Adjudicating Authority (NCLT), Mumbai Bench. The order admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Raj Process Equipments and Systems Pvt. Ltd. (Operational Creditor). The Corporate Debtor claimed that no notice was issued or served by the Operational Creditor or the Adjudicating Authority before the admission of the application. The parties reached a settlement, formalized in a Settlement Deed dated July 10, 2019. The Resolution Professional did not appear before the appellate tribunal. The Corporate Debtor did not dispute the lack of notice. The Adjudicating
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The Adjudicating Authority (NCLT), Mumbai Bench,…
Counsel for the Respondent appeared and…
The case involves an appeal against an order by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, preferred by Raj Process Equipments and Systems Pvt. Ltd. The appellant, Mr. Abhishek Jaiswal, shareholder of Welcome Distilleries Private Limited, challenged the order. The Adjudicating Authority passed the impugned order without issuing notice to the Corporate Debtor. Parties have reached a settlement.
Mr. Abhishek Jaiswal, a shareholder of Welcome Distilleries Private Limited (the Corporate Debtor), appealed against an order dated March 6, 2019, by the Adjudicating Authority (NCLT), Mumbai Bench. The order admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Raj Process Equipments and Systems Pvt. Ltd. (Operational Creditor). The Corporate Debtor claimed that no notice was issued or served by the Operational Creditor or the Adjudicating Authority before the admission of the application. The parties reached a settlement, formalized in a Settlement Deed dated July 10, 2019. The Resolution Professional did not appear before the appellate tribunal. The Corporate Debtor did not dispute the lack of notice. The Adjudicating
…The Adjudicating Authority (NCLT), Mumbai Bench,…
Counsel for the Respondent appeared and…