This is a Company Appeal (AT) (Insolvency) No. 642 of 2024 filed by DCB Bank against an order dated 30.01.2024 passed by the National Company Law Tribunal (NCLT), Kolkata Bench, Kolkata, in I.A. (IBC)/909(KB)2023. The I.A. was filed by the Resolution Professional (RP) of Simplex Projects Ltd. The NCLT order directed DCB Bank to refund certain money. The appeal challenges this order, arguing that the Adjudicating Authority did not consider the bank's reply before issuing the directions for refund.
The Resolution Professional (RP) of Simplex Projects Ltd. filed an I.A. (IBC)/909(KB)2023 before the National Company Law Tribunal (NCLT), Kolkata Bench. The NCLT passed an order on 30.01.2024 directing DCB Bank to refund the entire money against the first five entries starting from 28.04.2022 and ending on 10.06.2022. DCB Bank filed a reply to the I.A. but the NCLT issued the directions without considering the reply. DCB Bank then filed an appeal before the National Company Law Appellate Tribunal (NCLAT) challenging the order of the NCLT. The NCLT had also listed the matter for arguments on 05.03.2024 and subsequently on 22.04.2024.
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This is a Company Appeal (AT) (Insolvency) No. 642 of 2024 filed by DCB Bank against an order dated 30.01.2024 passed by the National Company Law Tribunal (NCLT), Kolkata Bench, Kolkata, in I.A. (IBC)/909(KB)2023. The I.A. was filed by the Resolution Professional (RP) of Simplex Projects Ltd. The NCLT order directed DCB Bank to refund certain money. The appeal challenges this order, arguing that the Adjudicating Authority did not consider the bank's reply before issuing the directions for refund.
The Resolution Professional (RP) of Simplex Projects Ltd. filed an I.A. (IBC)/909(KB)2023 before the National Company Law Tribunal (NCLT), Kolkata Bench. The NCLT passed an order on 30.01.2024 directing DCB Bank to refund the entire money against the first five entries starting from 28.04.2022 and ending on 10.06.2022. DCB Bank filed a reply to the I.A. but the NCLT issued the directions without considering the reply. DCB Bank then filed an appeal before the National Company Law Appellate Tribunal (NCLAT) challenging the order of the NCLT. The NCLT had also listed the matter for arguments on 05.03.2024 and subsequently on 22.04.2024.
The Learned Adjudicating Authority (National…
The National Company…
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