The case involves a Company Appeal (AT) (Insolvency) No. 837 of 2024 before the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi. Ajay Mittal, the suspended director of Arshiya Ltd., is the appellant, and Punjab National Bank & Anr. are the respondents. The appellant's counsel stated that steps are being taken to resolve issues with the largest member of the consortium and proposed to resolve issues with Punjab National Bank. The appellant's counsel will submit a written proposal to Punjab National Bank within one week.
Ajay Mittal, the suspended director of Arshiya Ltd., filed an appeal against Punjab National Bank & Anr. The appellant's counsel stated that the appellant is taking steps to resolve issues with the largest member of the consortium and proposed to resolve issues with Punjab National Bank. The appellant's counsel will submit a written proposal to Punjab National Bank within one week. The NCLAT issued a notice and listed the appeal for further hearing on May 15, 2024. In the meantime, the Committee of Creditors shall not be constituted.
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Counsel for the Appellant submits that the…
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The case involves a Company Appeal (AT) (Insolvency) No. 837 of 2024 before the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi. Ajay Mittal, the suspended director of Arshiya Ltd., is the appellant, and Punjab National Bank & Anr. are the respondents. The appellant's counsel stated that steps are being taken to resolve issues with the largest member of the consortium and proposed to resolve issues with Punjab National Bank. The appellant's counsel will submit a written proposal to Punjab National Bank within one week.
Ajay Mittal, the suspended director of Arshiya Ltd., filed an appeal against Punjab National Bank & Anr. The appellant's counsel stated that the appellant is taking steps to resolve issues with the largest member of the consortium and proposed to resolve issues with Punjab National Bank. The appellant's counsel will submit a written proposal to Punjab National Bank within one week. The NCLAT issued a notice and listed the appeal for further hearing on May 15, 2024. In the meantime, the Committee of Creditors shall not be constituted.
Counsel for the Appellant submits that the…
The appeal is listed…
Sign in to view related legal provisions.