The Directorate of Enforcement (Appellant) filed an appeal challenging an order dated 07.01.2025 passed by the National Company Law Tribunal, Kolkata Bench, in I.A. IB Plan No.21/2024 in C.P. (IB) No.26/KB/2023, which approved the resolution plan of the corporate debtor, Varutha Developers Private Limited. The appellant sought condonation of delay in filing the appeal.
The Directorate of Enforcement filed an appeal against the order dated 07.01.2025 passed by NCLT Kolkata.
The appellant claimed they were not a party to the original proceedings and acquired knowledge of the order on 25.02.2025.
The respondent argued that the limitation period commences from the date of pronouncement of the order.
The appeal was filed under Section 61 of the Insolvency and Bankruptcy Code, 2016.
The impugned order approved the resolution plan of Varutha Developers Private Limited.
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Order passed by the…
Directorate of…
The Directorate of Enforcement (Appellant) filed an appeal challenging an order dated 07.01.2025 passed by the National Company Law Tribunal, Kolkata Bench, in I.A. IB Plan No.21/2024 in C.P. (IB) No.26/KB/2023, which approved the resolution plan of the corporate debtor, Varutha Developers Private Limited. The appellant sought condonation of delay in filing the appeal.
The Directorate of Enforcement filed an appeal against the order dated 07.01.2025 passed by NCLT Kolkata.
The appellant claimed they were not a party to the original proceedings and acquired knowledge of the order on 25.02.2025.
The respondent argued that the limitation period commences from the date of pronouncement of the order.
The appeal was filed under Section 61 of the Insolvency and Bankruptcy Code, 2016.
The impugned order approved the resolution plan of Varutha Developers Private Limited.
Order passed by the…
Directorate of…