The appeal was filed against the admission of an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was filed by Respondent No. 1, M/s. Indian Corp Law. The application under Section 9 was admitted on November 6, 2019. The appellant contacted the Operational Creditor, and the dues were cleared on January 15, 2020, through RTGS. An affidavit was filed regarding this payment. The appeal was filed on December 12, 2019, and January 20, 2020. The Tribunal directed the IRP not to constitute a Committee of Creditors.
Chunilal Kanjibhai Gohel, Director of Paadam International Hotels Pvt. Ltd., filed an appeal against the admission of an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was filed by M/s. Indian Corp Law, the Operational Creditor. After the application was admitted on November 6, 2019, the Appellant contacted the Operational Creditor, and the dues were cleared on January 15, 2020, through RTGS. Respondent No.1 was willing to withdraw the original application filed under Section 9 as the Respondent No.1 has received its dues. The Corporate Debtor is Paadm International Hotels Pvt. Limited.
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Application…
Appeal filed against…
The appeal was filed against the admission of an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was filed by Respondent No. 1, M/s. Indian Corp Law. The application under Section 9 was admitted on November 6, 2019. The appellant contacted the Operational Creditor, and the dues were cleared on January 15, 2020, through RTGS. An affidavit was filed regarding this payment. The appeal was filed on December 12, 2019, and January 20, 2020. The Tribunal directed the IRP not to constitute a Committee of Creditors.
Chunilal Kanjibhai Gohel, Director of Paadam International Hotels Pvt. Ltd., filed an appeal against the admission of an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). The application was filed by M/s. Indian Corp Law, the Operational Creditor. After the application was admitted on November 6, 2019, the Appellant contacted the Operational Creditor, and the dues were cleared on January 15, 2020, through RTGS. Respondent No.1 was willing to withdraw the original application filed under Section 9 as the Respondent No.1 has received its dues. The Corporate Debtor is Paadm International Hotels Pvt. Limited.
Application…
Appeal filed against…