This is a Company Appeal (AT) (Insolvency) No.392-393 of 2019 before the National Company Law Appellate Tribunal, New Delhi. The appellant, Concept Management Consulting Ltd., challenged orders dated January 8, 2019, and January 23, 2019, passed by the Adjudicating Authority (NCLT Kolkata Bench). The initial order appointed Shri Kailash Kumar Rathi as liquidator, but he later expressed unwillingness, leading to the appointment of Mr. Chaitanya Kumar Ray as liquidator.
Concept Management Consulting Ltd., the Appellant, is a 'Financial Creditor' who filed a claim before the Interim Resolution Professional, but the claim was not admitted. The Appellant challenged orders dated January 8, 2019, and January 23, 2019, passed by the Adjudicating Authority (NCLT Kolkata Bench) which initiated liquidation and appointed liquidators. Shri Kailash Kumar Rathi was initially appointed as liquidator but later expressed unwillingness, leading to the appointment of Mr. Chaitanya Kumar Ray. The Appellant did not file an application under Section 60(5) against the Interim Resolution Professional's decision to reject the claim. The liquidation process is underway, and the liquidator is required to verify all claims of the creditors. The Appellant has
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The Adjudicating Authority (NCLT Kolkata Bench)…
Due to Shri Kailash Kumar Rathi's unwillingness,…
This is a Company Appeal (AT) (Insolvency) No.392-393 of 2019 before the National Company Law Appellate Tribunal, New Delhi. The appellant, Concept Management Consulting Ltd., challenged orders dated January 8, 2019, and January 23, 2019, passed by the Adjudicating Authority (NCLT Kolkata Bench). The initial order appointed Shri Kailash Kumar Rathi as liquidator, but he later expressed unwillingness, leading to the appointment of Mr. Chaitanya Kumar Ray as liquidator.
Concept Management Consulting Ltd., the Appellant, is a 'Financial Creditor' who filed a claim before the Interim Resolution Professional, but the claim was not admitted. The Appellant challenged orders dated January 8, 2019, and January 23, 2019, passed by the Adjudicating Authority (NCLT Kolkata Bench) which initiated liquidation and appointed liquidators. Shri Kailash Kumar Rathi was initially appointed as liquidator but later expressed unwillingness, leading to the appointment of Mr. Chaitanya Kumar Ray. The Appellant did not file an application under Section 60(5) against the Interim Resolution Professional's decision to reject the claim. The liquidation process is underway, and the liquidator is required to verify all claims of the creditors. The Appellant has
…The Adjudicating Authority (NCLT Kolkata Bench)…
Due to Shri Kailash Kumar Rathi's unwillingness,…