The Appellant, Alchemist Infra Ventures Ltd., a shareholder of Alchemist Township India Ltd. (Corporate Debtor), challenged the judgment dated January 25, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi. The Adjudicating Authority admitted an application under Section 7 of the Insolvency and Bankruptcy Code (I&B Code) filed by Kiran Malhotra (Financial Creditor), passed an order of moratorium, and appointed an Interim Resolution Professional.
Alchemist Infra Ventures Ltd., a shareholder of Alchemist Township India Ltd. (Corporate Debtor), filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal) which admitted an application under Section 7 of the Insolvency and Bankruptcy Code (I&B Code) filed by Kiran Malhotra (Financial Creditor). The Adjudicating Authority had also passed an order of moratorium and appointed an Interim Resolution Professional. The parties reached a settlement before the Committee of Creditors was constituted. The Interim Resolution Professional, Mr. Pramod Goyal, confirmed that the Committee of Creditors had not been constituted and that he had received only one claim from Ms. Kiran Malhotra. The terms of settlement entered between the parties
…Sign in to view the parties.
The Adjudicating Authority (National Company Law…
Terms of Settlement…
The Appellant, Alchemist Infra Ventures Ltd., a shareholder of Alchemist Township India Ltd. (Corporate Debtor), challenged the judgment dated January 25, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi. The Adjudicating Authority admitted an application under Section 7 of the Insolvency and Bankruptcy Code (I&B Code) filed by Kiran Malhotra (Financial Creditor), passed an order of moratorium, and appointed an Interim Resolution Professional.
Alchemist Infra Ventures Ltd., a shareholder of Alchemist Township India Ltd. (Corporate Debtor), filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal) which admitted an application under Section 7 of the Insolvency and Bankruptcy Code (I&B Code) filed by Kiran Malhotra (Financial Creditor). The Adjudicating Authority had also passed an order of moratorium and appointed an Interim Resolution Professional. The parties reached a settlement before the Committee of Creditors was constituted. The Interim Resolution Professional, Mr. Pramod Goyal, confirmed that the Committee of Creditors had not been constituted and that he had received only one claim from Ms. Kiran Malhotra. The terms of settlement entered between the parties
…The Adjudicating Authority (National Company Law…
Terms of Settlement…