The case involves an appeal against an order related to an insolvency application filed by Asset Reconstruction Company (India) Ltd. before the NCLT Chandigarh Bench against Malwa Industries Ltd. The appellant sought directions from the NCLAT to expedite the adjudication of the insolvency application (CP (IB) No. 272/CHD/PB/2020) pending before the NCLT Chandigarh Bench. The appellant had filed a Section 7 application before the NCLT Chandigarh Bench on 04.03.2020. The I.A. Application was disposed of, fixing 04.05.2021 as the next date of hearing.
Asset Reconstruction Company (India) Ltd. filed an insolvency application (CP (IB) No. 272/CHD/PB/2020) against Malwa Industries Ltd. before the NCLT Chandigarh Bench. The application was filed under Section 7 of the IBC. The appellant sought directions from the NCLAT to expedite the adjudication of the insolvency application. The I.A. Application was disposed of, fixing 04.05.2021 as the next date of hearing. The matter was re-notified to 26.07.2021. The appellant's counsel informed the NCLAT that the proceedings before the NCLT Chandigarh Bench did not take place on 04.05.2021. The NCLAT was informed about the delays in the NCLT proceedings and the rescheduling of hearings due to the COVID-19 pandemic.
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Asset Reconstruction Company (India) Ltd. filed…
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The case involves an appeal against an order related to an insolvency application filed by Asset Reconstruction Company (India) Ltd. before the NCLT Chandigarh Bench against Malwa Industries Ltd. The appellant sought directions from the NCLAT to expedite the adjudication of the insolvency application (CP (IB) No. 272/CHD/PB/2020) pending before the NCLT Chandigarh Bench. The appellant had filed a Section 7 application before the NCLT Chandigarh Bench on 04.03.2020. The I.A. Application was disposed of, fixing 04.05.2021 as the next date of hearing.
Asset Reconstruction Company (India) Ltd. filed an insolvency application (CP (IB) No. 272/CHD/PB/2020) against Malwa Industries Ltd. before the NCLT Chandigarh Bench. The application was filed under Section 7 of the IBC. The appellant sought directions from the NCLAT to expedite the adjudication of the insolvency application. The I.A. Application was disposed of, fixing 04.05.2021 as the next date of hearing. The matter was re-notified to 26.07.2021. The appellant's counsel informed the NCLAT that the proceedings before the NCLT Chandigarh Bench did not take place on 04.05.2021. The NCLAT was informed about the delays in the NCLT proceedings and the rescheduling of hearings due to the COVID-19 pandemic.
Asset Reconstruction Company (India) Ltd. filed…
Counsel for the Appellant refers to Page 51 of…
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