The case involves an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal, Kolkata Bench) which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 filed by Gulf Oil Lubricants India Limited (Operational Creditor) against Eastern Coalfields Limited. The appeal was preferred by Coal India Limited. The principal amount was allegedly already paid, and the Adjudicating Authority was informed of this fact. The parties had settled the claim.
Gulf Oil Lubricants India Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Eastern Coalfields Limited. The Adjudicating Authority admitted the application via an order dated 19th December, 2018. Coal India Limited preferred an appeal against this order. The appellant argued that the principal amount had already been paid, and no interest was payable as per the agreement. The parties had settled the claim. The contesting respondent, Gulf Oil Lubricants India Limited, accepted that the principal amount was paid prior to the admission of the application under Section 9, and interest has been paid, and the matter has been settled by an agreement dated 26th January, 2019. The settlement was made prior to
…Sign in to view the parties.
The Adjudicating Authority (National Company Law…
The matter was taken up, and the learned…
The case involves an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal, Kolkata Bench) which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 filed by Gulf Oil Lubricants India Limited (Operational Creditor) against Eastern Coalfields Limited. The appeal was preferred by Coal India Limited. The principal amount was allegedly already paid, and the Adjudicating Authority was informed of this fact. The parties had settled the claim.
Gulf Oil Lubricants India Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Eastern Coalfields Limited. The Adjudicating Authority admitted the application via an order dated 19th December, 2018. Coal India Limited preferred an appeal against this order. The appellant argued that the principal amount had already been paid, and no interest was payable as per the agreement. The parties had settled the claim. The contesting respondent, Gulf Oil Lubricants India Limited, accepted that the principal amount was paid prior to the admission of the application under Section 9, and interest has been paid, and the matter has been settled by an agreement dated 26th January, 2019. The settlement was made prior to
…The Adjudicating Authority (National Company Law…
The matter was taken up, and the learned…