The case pertains to Company Appeal (AT)(Insolvency) No.28 of 2019 before the National Company Law Appellate Tribunal (NCLAT), New Delhi. The appellant is Gouri Prasad Goenka, and the respondent is Punjab National Bank & Anr. The matter concerns arguments related to Policy Guidelines regarding One Time Settlement (OTS).
Gouri Prasad Goenka filed an appeal against Punjab National Bank & Anr. The central issue revolves around the Policy Guidelines for One Time Settlement (OTS), which were not available on record during the hearing. The respondent's counsel, representing the financial creditor (Punjab National Bank), committed to providing these guidelines. The court adjourned the hearing to allow for the submission and consideration of the OTS Policy Guidelines. The absence of the OTS Policy Guidelines is a key fact influencing the adjournment.
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The case pertains to Company Appeal (AT)(Insolvency) No.28 of 2019 before the National Company Law Appellate Tribunal (NCLAT), New Delhi. The appellant is Gouri Prasad Goenka, and the respondent is Punjab National Bank & Anr. The matter concerns arguments related to Policy Guidelines regarding One Time Settlement (OTS).
Gouri Prasad Goenka filed an appeal against Punjab National Bank & Anr. The central issue revolves around the Policy Guidelines for One Time Settlement (OTS), which were not available on record during the hearing. The respondent's counsel, representing the financial creditor (Punjab National Bank), committed to providing these guidelines. The court adjourned the hearing to allow for the submission and consideration of the OTS Policy Guidelines. The absence of the OTS Policy Guidelines is a key fact influencing the adjournment.
Further arguments were advanced by learned…
The appeal was…
Sign in to view related legal provisions.