The appellant, Birender Kumar, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process against M/s Adel Landmarks Ltd. The Adjudicating Authority (National Company Law Appellate Tribunal), New Delhi Bench, dismissed the application via an order dated September 18, 2017, due to the pendency of winding up proceedings before the Hon'ble High Court, New Delhi, in C.P. No.312 of 2016.
Birender Kumar, the appellant, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process against M/s Adel Landmarks Ltd. The Adjudicating Authority dismissed the application because winding up proceedings were already pending against M/s Adel Landmarks Ltd. before the Hon'ble High Court, New Delhi. The order dismissing the application was dated September 18, 2017. The appellant appealed this decision. The Hon'ble High Court had initiated winding up proceedings by admitting the application under Section 433(e) of the Companies Act, 1956.
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The Adjudicating Authority dismissed the…
The appellant filed an…
The appellant, Birender Kumar, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process against M/s Adel Landmarks Ltd. The Adjudicating Authority (National Company Law Appellate Tribunal), New Delhi Bench, dismissed the application via an order dated September 18, 2017, due to the pendency of winding up proceedings before the Hon'ble High Court, New Delhi, in C.P. No.312 of 2016.
Birender Kumar, the appellant, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process against M/s Adel Landmarks Ltd. The Adjudicating Authority dismissed the application because winding up proceedings were already pending against M/s Adel Landmarks Ltd. before the Hon'ble High Court, New Delhi. The order dismissing the application was dated September 18, 2017. The appellant appealed this decision. The Hon'ble High Court had initiated winding up proceedings by admitting the application under Section 433(e) of the Companies Act, 1956.
The Adjudicating Authority dismissed the…
The appellant filed an…