The case involves an appeal against the Adjudicating Authority's (National Company Law Tribunal), New Delhi (Court No.IV) decision to admit an application. The appellant contends that there was neither any operational debt nor any default committed as per the terms sheet signed by the parties.
Harendra Singh Khokhar filed an appeal against Indarprashtha Buildtech Pvt. Ltd. & Anr. The appellant, Harendra Singh Khokhar, argued that there was no operational debt or default as per the terms sheet. The Adjudicating Authority (National Company Law Tribunal), New Delhi (Court No.IV) admitted an application, which the appellant is contesting. The Interim Resolution Professional (IRP) stated that claims have been called for, with the last date being 22.02.2022, and the Committee of Creditors (CoC) has not yet been constituted. The court issued a notice to the respondents and listed the appeal for 24.03.2022, instructing that the CoC not be formed until the next listing date. The key fact is the dispute over the existence of an operational debt and the subsequent
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Learned Counsel for the Appellant contends…
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The case involves an appeal against the Adjudicating Authority's (National Company Law Tribunal), New Delhi (Court No.IV) decision to admit an application. The appellant contends that there was neither any operational debt nor any default committed as per the terms sheet signed by the parties.
Harendra Singh Khokhar filed an appeal against Indarprashtha Buildtech Pvt. Ltd. & Anr. The appellant, Harendra Singh Khokhar, argued that there was no operational debt or default as per the terms sheet. The Adjudicating Authority (National Company Law Tribunal), New Delhi (Court No.IV) admitted an application, which the appellant is contesting. The Interim Resolution Professional (IRP) stated that claims have been called for, with the last date being 22.02.2022, and the Committee of Creditors (CoC) has not yet been constituted. The court issued a notice to the respondents and listed the appeal for 24.03.2022, instructing that the CoC not be formed until the next listing date. The key fact is the dispute over the existence of an operational debt and the subsequent
…Learned Counsel for the Appellant contends…
Learned Counsel for the Interim Resolution…
Sign in to view related legal provisions.