The Appellant/Corporate Debtor challenged the order(s) dated April 12, 2017, passed by the Adjudicating Authority, Principal Bench, New Delhi, in Insolvency Petition No. 26(ND) of 2017. The Adjudicating Authority held that the order was being passed within 14 days as per Section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority initiated the Insolvency Resolution Process by admitting the application, appointing an interim resolution professional, ordering a moratorium, and issuing directions.
Era Infra Engineering Ltd. (Appellant/Corporate Debtor) challenged an order dated April 12, 2017, passed by the Adjudicating Authority, Principal Bench, New Delhi, in Insolvency Petition No. 26(ND) of 2017. The Adjudicating Authority initiated an Insolvency Resolution Process against Era Infra Engineering Ltd. based on an application by Prideco Commercial Projects Pvt Ltd. (Respondent/Operational Creditor). The Appellant argued that they were not served a notice under Section 8 of the Insolvency and Bankruptcy Code (I&B Code), 2016, and that the application was incomplete. The Respondent contended that other formalities were completed and that a notice under Section 271 of the Companies Act, 2013, for winding up, had been issued, which should be considered
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Adjudicating Authority passed an order…
The Appellant/Corporate Debtor challenged the…
The Appellant/Corporate Debtor challenged the order(s) dated April 12, 2017, passed by the Adjudicating Authority, Principal Bench, New Delhi, in Insolvency Petition No. 26(ND) of 2017. The Adjudicating Authority held that the order was being passed within 14 days as per Section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority initiated the Insolvency Resolution Process by admitting the application, appointing an interim resolution professional, ordering a moratorium, and issuing directions.
Era Infra Engineering Ltd. (Appellant/Corporate Debtor) challenged an order dated April 12, 2017, passed by the Adjudicating Authority, Principal Bench, New Delhi, in Insolvency Petition No. 26(ND) of 2017. The Adjudicating Authority initiated an Insolvency Resolution Process against Era Infra Engineering Ltd. based on an application by Prideco Commercial Projects Pvt Ltd. (Respondent/Operational Creditor). The Appellant argued that they were not served a notice under Section 8 of the Insolvency and Bankruptcy Code (I&B Code), 2016, and that the application was incomplete. The Respondent contended that other formalities were completed and that a notice under Section 271 of the Companies Act, 2013, for winding up, had been issued, which should be considered
…Adjudicating Authority passed an order…
The Appellant/Corporate Debtor challenged the…