Brandbaron Marketing Pvt. Ltd. filed an appeal against the order dated 14.10.2021 passed by the National Company Law Tribunal (NCLT), Court-V, New Delhi, which rejected their application under Section 9 of the Insolvency and Bankruptcy Code (IBC) as time-barred. The appellant had provided advertising and brand development services to Times Business Solutions Ltd., which later merged with Times Internet Ltd. A winding-up petition was filed against Times Business Solutions Ltd., but it was dismissed due to non-compliance with Section 434 of the Companies Act, 1956, as no statutory notice was served to Times Internet Ltd. The appellant then filed an application under Section 9 of the IBC, which was rejected by the NCLT as time-barred.
Brandbaron Marketing Pvt. Ltd. (Appellant) provided advertising services to Times Business Solutions Ltd. An amount of Rs. 87,81,526.80 became due. Times Business Solutions Ltd. merged with Times Internet Ltd. (Respondent) on 26.09.2014. The Appellant filed a winding-up petition against Times Business Solutions Ltd. in the High Court of Delhi, which was dismissed on 13.03.2019 because the Appellant failed to serve a statutory notice to Times Internet Ltd., as required by Section 434 of the Companies Act, 1956. The High Court granted liberty to the Appellant to take steps as per law against the actual entity. The Appellant issued a notice dated 01.12.2019 to Times Internet Ltd. claiming the outstanding amount, which was served on 04.12.2019. The Corporate Debtor (Times
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Brandbaron Marketing Pvt. Ltd. filed an appeal against the order dated 14.10.2021 passed by the National Company Law Tribunal (NCLT), Court-V, New Delhi, which rejected their application under Section 9 of the Insolvency and Bankruptcy Code (IBC) as time-barred. The appellant had provided advertising and brand development services to Times Business Solutions Ltd., which later merged with Times Internet Ltd. A winding-up petition was filed against Times Business Solutions Ltd., but it was dismissed due to non-compliance with Section 434 of the Companies Act, 1956, as no statutory notice was served to Times Internet Ltd. The appellant then filed an application under Section 9 of the IBC, which was rejected by the NCLT as time-barred.
Brandbaron Marketing Pvt. Ltd. (Appellant) provided advertising services to Times Business Solutions Ltd. An amount of Rs. 87,81,526.80 became due. Times Business Solutions Ltd. merged with Times Internet Ltd. (Respondent) on 26.09.2014. The Appellant filed a winding-up petition against Times Business Solutions Ltd. in the High Court of Delhi, which was dismissed on 13.03.2019 because the Appellant failed to serve a statutory notice to Times Internet Ltd., as required by Section 434 of the Companies Act, 1956. The High Court granted liberty to the Appellant to take steps as per law against the actual entity. The Appellant issued a notice dated 01.12.2019 to Times Internet Ltd. claiming the outstanding amount, which was served on 04.12.2019. The Corporate Debtor (Times
…Appellant entered into…
Times Business…