The appeal was filed against the order dated 23.05.2022 passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi Bench –II) which dismissed the CA No. 1532 of 2019 in Company Petition (IB) No. 794/ND/2018. The Adjudicating Authority also imposed a cost of Rs. 50,000/- on the Appellant.
The Liquidator filed an application under Section 25(2) of the IBC, 2016, seeking to recover money due to the Corporate Debtor. The Adjudicating Authority dismissed the application and imposed costs of Rs. 50,000/- on the Appellant. The Appellant appealed this decision. The Adjudicating Authority concluded that the application under Section 25 was not maintainable. The NCLAT upheld the dismissal of the application but removed the cost imposed on the Appellant.
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The Adjudicating Authority (National Company Law…
The NCLAT heard the appeal, upheld the…
The appeal was filed against the order dated 23.05.2022 passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi Bench –II) which dismissed the CA No. 1532 of 2019 in Company Petition (IB) No. 794/ND/2018. The Adjudicating Authority also imposed a cost of Rs. 50,000/- on the Appellant.
The Liquidator filed an application under Section 25(2) of the IBC, 2016, seeking to recover money due to the Corporate Debtor. The Adjudicating Authority dismissed the application and imposed costs of Rs. 50,000/- on the Appellant. The Appellant appealed this decision. The Adjudicating Authority concluded that the application under Section 25 was not maintainable. The NCLAT upheld the dismissal of the application but removed the cost imposed on the Appellant.
The Adjudicating Authority (National Company Law…
The NCLAT heard the appeal, upheld the…