This is an appeal filed by the Appellant (Financial Creditor) against the order of adjournment dated 4th March, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, Ahmedabad. The appellant's grievance is that the application under Section 7 of the 'I&B Code' was filed on 7th November, 2017, and 1½ years have passed without a decision on admitting or rejecting the application.
IFCI Ltd. filed an application under Section 7 of the 'I&B Code' on 7th November, 2017, seeking initiation of the corporate insolvency resolution process against RMOL Engineering & Offshore Ltd. The Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, adjourned the matter on 4th March, 2019. The appellant, IFCI Ltd., filed an appeal against this adjournment order, citing the delay in the adjudication of their application. The next date of hearing was already fixed for 30th April, 2019. The delay of one day in filing the appeal was condoned.
Sign in to view the parties.
IFCI Ltd. filed an…
The Adjudic…
This is an appeal filed by the Appellant (Financial Creditor) against the order of adjournment dated 4th March, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, Ahmedabad. The appellant's grievance is that the application under Section 7 of the 'I&B Code' was filed on 7th November, 2017, and 1½ years have passed without a decision on admitting or rejecting the application.
IFCI Ltd. filed an application under Section 7 of the 'I&B Code' on 7th November, 2017, seeking initiation of the corporate insolvency resolution process against RMOL Engineering & Offshore Ltd. The Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, adjourned the matter on 4th March, 2019. The appellant, IFCI Ltd., filed an appeal against this adjournment order, citing the delay in the adjudication of their application. The next date of hearing was already fixed for 30th April, 2019. The delay of one day in filing the appeal was condoned.
IFCI Ltd. filed an…
The Adjudic…