The case involves an appeal against the order of the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) against Choudhery Cheese Bazar Pvt. Ltd. (Corporate Debtor). The appeal was preferred by Mr. Ashish Choudhery, a shareholder of Choudhery Cheese Bazar Pvt. Ltd. The Respondent, M/s. Unipik Automation Solutions, had filed the application under Section 9 of the I&B Code.
M/s. Unipik Automation Solutions filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Choudhery Cheese Bazar Pvt. Ltd. The Adjudicating Authority admitted the application on April 23, 2019. Mr. Ashish Choudhery, a shareholder of Choudhery Cheese Bazar Pvt. Ltd., appealed the order. The Appellant and Respondent intended to settle the matter before the Committee of Creditors was constituted. The Appellant settled the matter with M/s. Unipik Automation Solutions, who received demand drafts of Rs. 75,502. The Respondent paid Rs. 2,00,000 to the Interim Resolution Professional, which was later reimbursed. The Interim Resolution Professional incurred costs of Rs. 1,13,000. The parties settled the matter before the constitution of the
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The case involves an appeal against the order of the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (I&B Code) against Choudhery Cheese Bazar Pvt. Ltd. (Corporate Debtor). The appeal was preferred by Mr. Ashish Choudhery, a shareholder of Choudhery Cheese Bazar Pvt. Ltd. The Respondent, M/s. Unipik Automation Solutions, had filed the application under Section 9 of the I&B Code.
M/s. Unipik Automation Solutions filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Choudhery Cheese Bazar Pvt. Ltd. The Adjudicating Authority admitted the application on April 23, 2019. Mr. Ashish Choudhery, a shareholder of Choudhery Cheese Bazar Pvt. Ltd., appealed the order. The Appellant and Respondent intended to settle the matter before the Committee of Creditors was constituted. The Appellant settled the matter with M/s. Unipik Automation Solutions, who received demand drafts of Rs. 75,502. The Respondent paid Rs. 2,00,000 to the Interim Resolution Professional, which was later reimbursed. The Interim Resolution Professional incurred costs of Rs. 1,13,000. The parties settled the matter before the constitution of the
…Adjudicating Authority…
Appellant submitted that…
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