ICICI Bank UK PLC filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process against Aditya Estates Private Limited (Corporate Debtor). ICICI Bank UK claimed to be a Financial Creditor of Aditya Estates Private Limited due to a debt of US$ 63 million granted to Assam Oil Company Ltd, an overseas company. The Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi admitted the application, leading to the present appeal by a shareholder of the Corporate Debtor.
ICICI Bank UK PLC ('ICICI Bank UK') filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016 ('I&B Code') for initiation of 'Corporate Insolvency Resolution Process' against M/s Aditya Estates Private Limited ('Corporate Debtor'). ICICI Bank UK claimed to be a 'Financial Creditor' of M/s Aditya Estates Private Limited ('Corporate Debtor') on account of a debt of US$ 63 million granted by ICICI Bank UK ('Financial Creditor') to one M/s Assam Oil Company Ltd, an overseas company. The 'Debt Asset Swap Agreement' was dated 20th December, 2014. The Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi admitted the application by impugned order dated 26th February, 2019. The appellant (shareholder of 'Corporate
…Sign in to view the parties.
The 'Facility Agreement' was dated 21st…
The 'Facility Agreement' was amended by…
ICICI Bank UK PLC filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process against Aditya Estates Private Limited (Corporate Debtor). ICICI Bank UK claimed to be a Financial Creditor of Aditya Estates Private Limited due to a debt of US$ 63 million granted to Assam Oil Company Ltd, an overseas company. The Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi admitted the application, leading to the present appeal by a shareholder of the Corporate Debtor.
ICICI Bank UK PLC ('ICICI Bank UK') filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016 ('I&B Code') for initiation of 'Corporate Insolvency Resolution Process' against M/s Aditya Estates Private Limited ('Corporate Debtor'). ICICI Bank UK claimed to be a 'Financial Creditor' of M/s Aditya Estates Private Limited ('Corporate Debtor') on account of a debt of US$ 63 million granted by ICICI Bank UK ('Financial Creditor') to one M/s Assam Oil Company Ltd, an overseas company. The 'Debt Asset Swap Agreement' was dated 20th December, 2014. The Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi admitted the application by impugned order dated 26th February, 2019. The appellant (shareholder of 'Corporate
…The 'Facility Agreement' was dated 21st…
The 'Facility Agreement' was amended by…