The case involves a Company Appeal (AT) (Insolvency) No. 1193 of 2024 before the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi. The appellant is Asish Chakraborty, representing the Suspended Board of Directors of Yibeal Tradex Pvt. Ltd. The respondents are Visun Services LLP & Anr. The appeal concerns a matter related to insolvency proceedings.
Asish Chakraborty, representing the Suspended Board of Directors of Yibeal Tradex Pvt. Ltd., filed an appeal against Visun Services LLP & Anr. before the NCLAT. The appellant's counsel was directed to deposit Rs. 1.7 Crores in the Court within three weeks, to be held in an interest-bearing account under the Registrar, NCLAT. An issue notice was given, with a two-week deadline for a reply. The CoC can proceed, but Form-G is restricted. The appeal is listed for August 30, 2024. The deposit of Rs. 1.7 Crores is a key fact, suggesting a financial aspect central to the appeal. The restriction on Form-G indicates a specific concern regarding the asset sale process.
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The case involves a Company Appeal (AT) (Insolvency) No. 1193 of 2024 before the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi. The appellant is Asish Chakraborty, representing the Suspended Board of Directors of Yibeal Tradex Pvt. Ltd. The respondents are Visun Services LLP & Anr. The appeal concerns a matter related to insolvency proceedings.
Asish Chakraborty, representing the Suspended Board of Directors of Yibeal Tradex Pvt. Ltd., filed an appeal against Visun Services LLP & Anr. before the NCLAT. The appellant's counsel was directed to deposit Rs. 1.7 Crores in the Court within three weeks, to be held in an interest-bearing account under the Registrar, NCLAT. An issue notice was given, with a two-week deadline for a reply. The CoC can proceed, but Form-G is restricted. The appeal is listed for August 30, 2024. The deposit of Rs. 1.7 Crores is a key fact, suggesting a financial aspect central to the appeal. The restriction on Form-G indicates a specific concern regarding the asset sale process.
Court directs appellant…
Court issues notice,…
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