This case involves an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal, Hyderabad Bench) in CP(IB) No. 394/7/HDB/2020. The appeal was filed by the Corporate Debtor, M/S Emaar Hills Township Private Limited, against the impugned order dated 18.06.2021. The Adjudicating Authority had directed the Registry to club applications filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) by allottees/financial creditors against the Corporate Debtor and place them before the Bench for hearing. The appellant contended that the impugned order was contrary to the directions issued by the Supreme Court in Manish Kumar Vs Union of India. The appellant argued that the allottees had not complied with the amended provisions of Section
…M/S Emaar Hills Township Private Limited, the Corporate Debtor, appealed against an order dated 18.06.2021 passed by the Adjudicating Authority (National Company Law Tribunal, Hyderabad Bench) in CP(IB) No. 394/7/HDB/2020. The Adjudicating Authority had directed its Registry to club applications filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) by allottees/financial creditors against the Corporate Debtor. The appellant argued that the impugned order was contrary to the directions issued by the Supreme Court in Manish Kumar Vs Union of India, which dealt with the threshold requirements for initiating CIRP by financial creditors/allottees under Section 7 of the IBC. The appellant contended that the allottees had not complied with the amended provisions
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The Government of India promulgated the…
The Ordinance was approved by the…
This case involves an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal, Hyderabad Bench) in CP(IB) No. 394/7/HDB/2020. The appeal was filed by the Corporate Debtor, M/S Emaar Hills Township Private Limited, against the impugned order dated 18.06.2021. The Adjudicating Authority had directed the Registry to club applications filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) by allottees/financial creditors against the Corporate Debtor and place them before the Bench for hearing. The appellant contended that the impugned order was contrary to the directions issued by the Supreme Court in Manish Kumar Vs Union of India. The appellant argued that the allottees had not complied with the amended provisions of Section
…M/S Emaar Hills Township Private Limited, the Corporate Debtor, appealed against an order dated 18.06.2021 passed by the Adjudicating Authority (National Company Law Tribunal, Hyderabad Bench) in CP(IB) No. 394/7/HDB/2020. The Adjudicating Authority had directed its Registry to club applications filed under Section 7 of the Insolvency and Bankruptcy Code (IBC) by allottees/financial creditors against the Corporate Debtor. The appellant argued that the impugned order was contrary to the directions issued by the Supreme Court in Manish Kumar Vs Union of India, which dealt with the threshold requirements for initiating CIRP by financial creditors/allottees under Section 7 of the IBC. The appellant contended that the allottees had not complied with the amended provisions
…The Government of India promulgated the…
The Ordinance was approved by the…