The Appellant, a shareholder of Harvest Hotels and Serviced Apartments Pvt. Ltd. (the Corporate Debtor), filed an appeal against the order dated March 1, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi. The Adjudicating Authority admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016.
The Appellant, a shareholder of Harvest Hotels and Serviced Apartments Pvt. Ltd., filed an appeal against the Adjudicating Authority's order dated March 1, 2019, which admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Appellant intended to settle the matter and move an application under Section 12A of the I&B Code. The Interim Resolution Professional's counsel stated that the Committee of Creditors had already been constituted, implying that any Section 12A application would need to be presented to the Committee of Creditors through the Resolution Professional. The court allowed the appellant to move before the Committee of Creditors through the Resolution Professional and file an application under Section 12A.
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The Adjudicating Authority (National Company…
The Appellant- Shareholder of ‘Harvest…
The Appellant, a shareholder of Harvest Hotels and Serviced Apartments Pvt. Ltd. (the Corporate Debtor), filed an appeal against the order dated March 1, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi. The Adjudicating Authority admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016.
The Appellant, a shareholder of Harvest Hotels and Serviced Apartments Pvt. Ltd., filed an appeal against the Adjudicating Authority's order dated March 1, 2019, which admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Appellant intended to settle the matter and move an application under Section 12A of the I&B Code. The Interim Resolution Professional's counsel stated that the Committee of Creditors had already been constituted, implying that any Section 12A application would need to be presented to the Committee of Creditors through the Resolution Professional. The court allowed the appellant to move before the Committee of Creditors through the Resolution Professional and file an application under Section 12A.
The Adjudicating Authority (National Company…
The Appellant- Shareholder of ‘Harvest…