The case involves an appeal against an insolvency proceeding. The appellant sought time to substitute the director of the corporate debtor and transpose the appellant as the second respondent. A ground for the appeal was that there was no default of debt as the corporate debtor had already handed over post-dated cheques to the appellant.
M/s. Bulland Realtor Pvt. Ltd. filed an appeal against Mr. Anuj Saxena. The appellant sought time to substitute Mr. Rajneesh Nagar, Director of the ‘Corporate Debtor', as Appellant and to transpose the present Appellant-‘M/s. Bulland Realtor Private Limited' through ‘Insolvency Resolution Professional' as 2nd Respondent. The appellant argued that there was no default of debt because the ‘Corporate Debtor' had already handed over post-dated cheques. The ‘Corporate Debtor' has already settled the dispute with the 1st Respondent and settlement deed is on record.
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The case involves an appeal against an insolvency proceeding. The appellant sought time to substitute the director of the corporate debtor and transpose the appellant as the second respondent. A ground for the appeal was that there was no default of debt as the corporate debtor had already handed over post-dated cheques to the appellant.
M/s. Bulland Realtor Pvt. Ltd. filed an appeal against Mr. Anuj Saxena. The appellant sought time to substitute Mr. Rajneesh Nagar, Director of the ‘Corporate Debtor', as Appellant and to transpose the present Appellant-‘M/s. Bulland Realtor Private Limited' through ‘Insolvency Resolution Professional' as 2nd Respondent. The appellant argued that there was no default of debt because the ‘Corporate Debtor' had already handed over post-dated cheques. The ‘Corporate Debtor' has already settled the dispute with the 1st Respondent and settlement deed is on record.
Court grants one week to file an application…
Matter post…
Sign in to view related legal provisions.