The appeal was filed against the order dated 10.12.2021 passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi) which admitted an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, while proceeding ex-parte against the Corporate Debtor and appointing an Interim Resolution Professional. The Corporate Debtor contended that it was wrongly proceeded against ex-parte and that the Adjudicating Authority lacked jurisdiction to entertain the application.
Govind Singh filed an appeal against the order dated 10.12.2021 passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi) which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority proceeded ex-parte against the Corporate Debtor and appointed an Interim Resolution Professional. The Corporate Debtor argued that it was wrongly proceeded against ex-parte and that the Adjudicating Authority lacked jurisdiction to entertain the application. The Appellant claimed that the adjournment date was incorrectly noted in his diary and that the order was not served. The Respondent argued that the Appellant was properly served and that the amendment to Section 4 of the Code, which increased the threshold
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The Adjudicating Authority (National Company…
The amendment to Section 4 of the Insolvency…
The appeal was filed against the order dated 10.12.2021 passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi) which admitted an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, while proceeding ex-parte against the Corporate Debtor and appointing an Interim Resolution Professional. The Corporate Debtor contended that it was wrongly proceeded against ex-parte and that the Adjudicating Authority lacked jurisdiction to entertain the application.
Govind Singh filed an appeal against the order dated 10.12.2021 passed by the Adjudicating Authority (National Company Law Tribunal, New Delhi) which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority proceeded ex-parte against the Corporate Debtor and appointed an Interim Resolution Professional. The Corporate Debtor argued that it was wrongly proceeded against ex-parte and that the Adjudicating Authority lacked jurisdiction to entertain the application. The Appellant claimed that the adjournment date was incorrectly noted in his diary and that the order was not served. The Respondent argued that the Appellant was properly served and that the amendment to Section 4 of the Code, which increased the threshold
…The Adjudicating Authority (National Company…
The amendment to Section 4 of the Insolvency…