This appeal was filed by Sri Amit Kumar Agarwal, Director of M/s. Kumlai Tea and Industries Ltd. (Corporate Debtor), challenging an order dated August 1, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench. The Adjudicating Authority had admitted an application filed by UCO Bank (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (I&B Code). The appellant contended that the impugned order was passed ex parte without hearing the counsel for the Corporate Debtor, and that the application was barred by limitation.
This appeal was filed by Sri Amit Kumar Agarwal, Director of M/s. Kumlai Tea and Industries Ltd. (Corporate Debtor), challenging an order dated August 1, 2019. The order was passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata, which admitted an application under Section 7 of the 'Insolvency and Bankruptcy Code, 2016' (I&B Code) filed by UCO Bank (Financial Creditor).
…The default…
The Corporate Debtor's…
This appeal was filed by Sri Amit Kumar Agarwal, Director of M/s. Kumlai Tea and Industries Ltd. (Corporate Debtor), challenging an order dated August 1, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench. The Adjudicating Authority had admitted an application filed by UCO Bank (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (I&B Code). The appellant contended that the impugned order was passed ex parte without hearing the counsel for the Corporate Debtor, and that the application was barred by limitation.
This appeal was filed by Sri Amit Kumar Agarwal, Director of M/s. Kumlai Tea and Industries Ltd. (Corporate Debtor), challenging an order dated August 1, 2019. The order was passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata, which admitted an application under Section 7 of the 'Insolvency and Bankruptcy Code, 2016' (I&B Code) filed by UCO Bank (Financial Creditor).
…The default…
The Corporate Debtor's…