The appeal was filed by Flacon Tyres Ltd. against an order dated August 30, 2017, passed by the Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench. The case number was I.A. No. 102/17 in CP (IB) No. 01/BB/17. The main contention was regarding the impleadment of an association of workmen under Section 9 of the Insolvency and Bankruptcy Code, 2016, which the appellant claimed was not permissible.
Flacon Tyres Ltd. filed an appeal against the order passed by the Adjudicating Authority (NCLT), Bengaluru Bench, regarding the admission of an application under Section 9 of the Insolvency and Bankruptcy Code (I&B Code). The appellant argued that the impleadment of an association of workmen under Section 9 was not permissible. The Adjudicating Authority had already admitted the application under Section 9. The court observed that after the admission of the application for Corporate Insolvency Resolution, the association of workmen has no role to play except that their members individually may file claims with the Insolvency Resolution Professional.
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The Adjudicating Authority (National Company…
Flacon Tyres Ltd.…
The appeal was filed by Flacon Tyres Ltd. against an order dated August 30, 2017, passed by the Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench. The case number was I.A. No. 102/17 in CP (IB) No. 01/BB/17. The main contention was regarding the impleadment of an association of workmen under Section 9 of the Insolvency and Bankruptcy Code, 2016, which the appellant claimed was not permissible.
Flacon Tyres Ltd. filed an appeal against the order passed by the Adjudicating Authority (NCLT), Bengaluru Bench, regarding the admission of an application under Section 9 of the Insolvency and Bankruptcy Code (I&B Code). The appellant argued that the impleadment of an association of workmen under Section 9 was not permissible. The Adjudicating Authority had already admitted the application under Section 9. The court observed that after the admission of the application for Corporate Insolvency Resolution, the association of workmen has no role to play except that their members individually may file claims with the Insolvency Resolution Professional.
The Adjudicating Authority (National Company…
Flacon Tyres Ltd.…