The case involves an appeal against the disposal of an application under Section 7 filed by the Respondent (Financial Creditor). The Appellant, Girnar Fibres Ltd., is contesting the disposal, arguing that it is barred by limitation. The Adjudicating Authority (National Company Law Tribunal) Chandigarh Bench made some observations that are being challenged.
Girnar Fibres Ltd. filed an appeal against Invent Assets Securitisation & Reconstruction Pvt. Ltd. regarding the disposal of an application under Section 7. The Respondent (Financial Creditor) filed the application, which was disposed of. The Appellant argued that the disposal was barred by limitation. The Adjudicating Authority (National Company Law Tribunal) Chandigarh Bench made observations that the Appellant found objectionable. The court found the appeal not maintainable at the instance of the Corporate Debtor.
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Ms. Divya Sharma, Advocate representing the…
The case involves an appeal against the disposal of an application under Section 7 filed by the Respondent (Financial Creditor). The Appellant, Girnar Fibres Ltd., is contesting the disposal, arguing that it is barred by limitation. The Adjudicating Authority (National Company Law Tribunal) Chandigarh Bench made some observations that are being challenged.
Girnar Fibres Ltd. filed an appeal against Invent Assets Securitisation & Reconstruction Pvt. Ltd. regarding the disposal of an application under Section 7. The Respondent (Financial Creditor) filed the application, which was disposed of. The Appellant argued that the disposal was barred by limitation. The Adjudicating Authority (National Company Law Tribunal) Chandigarh Bench made observations that the Appellant found objectionable. The court found the appeal not maintainable at the instance of the Corporate Debtor.
Ms. Divya Sharma, Advocate representing the…