The case involves Company Appeal (AT) (Insolvency) No. 79 of 2021 and I.A. No. 434 of 2023, which were filed under Section 61 of the Insolvency and Bankruptcy Code, 2016. The appellant, Darshan Gandhi, challenged an order dated 18.01.2021 passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench, Court III) in I.A. 33/2021 and I.A. 2489/2020 in C.P. (IB)/4135(MB)2018. The appeal was initially listed on 30.01.2021 and subsequently on 12.02.2021. The case also involved Contempt Case (AT) No. 10 of 2021 and Company Appeal (AT) (Insolvency) No. 1095 of 2021, which were connected to the same matter. The core issue revolved around the corporate insolvency resolution process of Lok Housing and Constructions Ltd., with various interim applications and
…Darshan Gandhi, the ex-Director of Lok Housing and Constructions Ltd., filed Company Appeal (AT) (Insolvency) No. 79 of 2021 challenging an order by the Adjudicating Authority (NCLT, Mumbai Bench) dated 18.01.2021. Hemant Mehta, the Resolution Professional, and USV Housing Pvt. Ltd. were the respondents. The appeal was filed under Section 61 of the Insolvency and Bankruptcy Code, 2016. The NCLAT had issued an interim order on 12.02.2021 directing a 'status quo'. Subsequently, a Contempt Case (AT) No. 10 of 2021 was filed by Darshan Gandhi alleging that the respondents violated the status quo by proceeding with the Committee of Creditors (CoC) meeting and actions related to the insolvency resolution process, including the publication of FORM-G. Company Appeal (AT)
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Order passed by the Adjudicating Authority…
The instant Ap…
The case involves Company Appeal (AT) (Insolvency) No. 79 of 2021 and I.A. No. 434 of 2023, which were filed under Section 61 of the Insolvency and Bankruptcy Code, 2016. The appellant, Darshan Gandhi, challenged an order dated 18.01.2021 passed by the Adjudicating Authority (National Company Law Tribunal, Mumbai Bench, Court III) in I.A. 33/2021 and I.A. 2489/2020 in C.P. (IB)/4135(MB)2018. The appeal was initially listed on 30.01.2021 and subsequently on 12.02.2021. The case also involved Contempt Case (AT) No. 10 of 2021 and Company Appeal (AT) (Insolvency) No. 1095 of 2021, which were connected to the same matter. The core issue revolved around the corporate insolvency resolution process of Lok Housing and Constructions Ltd., with various interim applications and
…Darshan Gandhi, the ex-Director of Lok Housing and Constructions Ltd., filed Company Appeal (AT) (Insolvency) No. 79 of 2021 challenging an order by the Adjudicating Authority (NCLT, Mumbai Bench) dated 18.01.2021. Hemant Mehta, the Resolution Professional, and USV Housing Pvt. Ltd. were the respondents. The appeal was filed under Section 61 of the Insolvency and Bankruptcy Code, 2016. The NCLAT had issued an interim order on 12.02.2021 directing a 'status quo'. Subsequently, a Contempt Case (AT) No. 10 of 2021 was filed by Darshan Gandhi alleging that the respondents violated the status quo by proceeding with the Committee of Creditors (CoC) meeting and actions related to the insolvency resolution process, including the publication of FORM-G. Company Appeal (AT)
…Order passed by the Adjudicating Authority…
The instant Ap…