The appeal was filed by the Managing Director of the Corporate Debtor against an order passed by the Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 filed by Randstand India Private Limited (Operational Creditor) against Camson Bio Technologies Limited. The appellant sought condonation of a 360-day delay, citing a writ petition filed in the High Court of Karnataka challenging the admission order. The High Court disposed of the matter, after which the present appeal was preferred. The appellant requested exclusion of the period during which the matter was pending before the High Court for calculating the limitation period.
Randstand India Private Limited, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Camson Bio Technologies Limited, the Corporate Debtor. The Adjudicating Authority (NCLT), Bengaluru Bench, admitted the application. The Managing Director of the Corporate Debtor filed an appeal against this order, seeking condonation of a 360-day delay. The Corporate Debtor had previously filed a Writ Petition in the High Court of Karnataka challenging the admission order, during which a stay was granted, and the Corporate Debtor deposited Rs.36,83,660.30 in favor of the Operational Creditor. The High Court subsequently disposed of the matter. The Appellant argued that the period of pendency before the High Court should be
…Sign in to view the parties.
The Adjudicating Authority (National Company…
The impugned o…
The appeal was filed by the Managing Director of the Corporate Debtor against an order passed by the Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 filed by Randstand India Private Limited (Operational Creditor) against Camson Bio Technologies Limited. The appellant sought condonation of a 360-day delay, citing a writ petition filed in the High Court of Karnataka challenging the admission order. The High Court disposed of the matter, after which the present appeal was preferred. The appellant requested exclusion of the period during which the matter was pending before the High Court for calculating the limitation period.
Randstand India Private Limited, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Camson Bio Technologies Limited, the Corporate Debtor. The Adjudicating Authority (NCLT), Bengaluru Bench, admitted the application. The Managing Director of the Corporate Debtor filed an appeal against this order, seeking condonation of a 360-day delay. The Corporate Debtor had previously filed a Writ Petition in the High Court of Karnataka challenging the admission order, during which a stay was granted, and the Corporate Debtor deposited Rs.36,83,660.30 in favor of the Operational Creditor. The High Court subsequently disposed of the matter. The Appellant argued that the period of pendency before the High Court should be
…The Adjudicating Authority (National Company…
The impugned o…