The case involves an appeal against an Impugned Order dated 17.09.2024, passed in IA No.1180/2024, rendered in IA (IBC) (PLAN) 10/2024, in CP (IB) No.525/9/HDB/2019. The appellant challenges the order based on non-compliance with Section 24(3)(c) of the I&B Code, arguing that the issue of notice was not properly done and that it adversely affects the appellant's interest as an Operational Creditor.
Binjusaria Ispat Pvt Ltd. filed an appeal against an Impugned Order dated 17.09.2024. The Impugned Order was passed in IA No.1180/2024, rendered in IA (IBC) (PLAN) 10/2024, in CP (IB) No.525/9/HDB/2019. The appellant, Binjusaria Ispat Pvt Ltd., is an Operational Creditor. The core issue revolves around the non-compliance of Section 24(3)(c) of the I&B Code, specifically the failure to properly issue notices to the appellant. The appellant argues that this failure adversely affects their interests. The NCLT and NCLAT did not consider that the appellant was not served notice of the meeting of the COC, the proceedings were ex parte, and the resolution plan incorrectly projected the appellant's claim. The Hon'ble Apex Court's judgment in Greater Noida Industrial
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The case involves an appeal against an Impugned Order dated 17.09.2024, passed in IA No.1180/2024, rendered in IA (IBC) (PLAN) 10/2024, in CP (IB) No.525/9/HDB/2019. The appellant challenges the order based on non-compliance with Section 24(3)(c) of the I&B Code, arguing that the issue of notice was not properly done and that it adversely affects the appellant's interest as an Operational Creditor.
Binjusaria Ispat Pvt Ltd. filed an appeal against an Impugned Order dated 17.09.2024. The Impugned Order was passed in IA No.1180/2024, rendered in IA (IBC) (PLAN) 10/2024, in CP (IB) No.525/9/HDB/2019. The appellant, Binjusaria Ispat Pvt Ltd., is an Operational Creditor. The core issue revolves around the non-compliance of Section 24(3)(c) of the I&B Code, specifically the failure to properly issue notices to the appellant. The appellant argues that this failure adversely affects their interests. The NCLT and NCLAT did not consider that the appellant was not served notice of the meeting of the COC, the proceedings were ex parte, and the resolution plan incorrectly projected the appellant's claim. The Hon'ble Apex Court's judgment in Greater Noida Industrial
…Date of the Impugned Order passed in IA…
Date of the…