Cloud9 Apartment Owners Association filed an appeal against the admission of an application to initiate Corporate Insolvency Resolution Process (CIRP) against Aadi Best Consortium Private Limited. The application was admitted by order dated 31.03.2022. The association initially filed a writ petition before the Delhi High Court, which directed them to approach the NCLAT within 15 days. The present appeal was filed with a delay, seeking condonation of the delay.
The Cloud9 Apartment Owners Association filed an appeal against the order dated 31.03.2022 passed by NCLT, which admitted an application for initiating CIRP against Aadi Best Consortium Private Limited. The association initially filed a writ petition before the Delhi High Court, which was disposed of with a direction to approach the NCLAT within 15 days. The appeal was filed with a delay, and the association sought condonation of the delay. The NCLAT considered the provisions of Section 61 of the IBC, which deals with appeals and the limitation period for filing an appeal. The NCLAT also considered the Supreme Court's decision in 'National Spot Exchange Limited Vs. Anil Kohli Resolution Professional for Dunar foods Limited', which held that delay beyond the permissible
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NCLT admitted the application to initiate…
Delhi High Court disposed of WP(C) No. 12668 of…
Cloud9 Apartment Owners Association filed an appeal against the admission of an application to initiate Corporate Insolvency Resolution Process (CIRP) against Aadi Best Consortium Private Limited. The application was admitted by order dated 31.03.2022. The association initially filed a writ petition before the Delhi High Court, which directed them to approach the NCLAT within 15 days. The present appeal was filed with a delay, seeking condonation of the delay.
The Cloud9 Apartment Owners Association filed an appeal against the order dated 31.03.2022 passed by NCLT, which admitted an application for initiating CIRP against Aadi Best Consortium Private Limited. The association initially filed a writ petition before the Delhi High Court, which was disposed of with a direction to approach the NCLAT within 15 days. The appeal was filed with a delay, and the association sought condonation of the delay. The NCLAT considered the provisions of Section 61 of the IBC, which deals with appeals and the limitation period for filing an appeal. The NCLAT also considered the Supreme Court's decision in 'National Spot Exchange Limited Vs. Anil Kohli Resolution Professional for Dunar foods Limited', which held that delay beyond the permissible
…NCLT admitted the application to initiate…
Delhi High Court disposed of WP(C) No. 12668 of…