The case involves Company Appeal (AT) (Insolvency) No. 415 of 2018 filed by the Insolvency and Bankruptcy Board of India (IBBI). The appeal was against an order dated 1st August, 2018, where it was held that IBBI had no locus standi to challenge the findings recorded by the Adjudicating Authority (National Company Law Tribunal) Mumbai Bench, Mumbai. The current matter is Interlocutory Application No. 1950 of 2018.
The Insolvency & Bankruptcy Board of India (IBBI) filed Company Appeal (AT) (Insolvency) No. 415 of 2018. The appeal challenged an order dated August 1, 2018, which stated that IBBI lacked the legal standing (locus standi) to contest the findings of the Adjudicating Authority (National Company Law Tribunal) Mumbai Bench. The current proceeding concerns Interlocutory Application No. 1950 of 2018 within the same Company Appeal. The court noted that if the provisions of the Insolvency and Bankruptcy Code ('I&B Code') were not followed, the Resolution Professional representing the Corporate Debtor could file an appeal under Section 61 against the Adjudicating Authority's order dated June 4, 2018. Dr. U.K. Chaudhary, representing the 4th Respondent (Bank of Baroda),
…Sign in to view the parties.
Order stating that IBBI has no locus standi to…
Date of the impugned order passed by the…
The case involves Company Appeal (AT) (Insolvency) No. 415 of 2018 filed by the Insolvency and Bankruptcy Board of India (IBBI). The appeal was against an order dated 1st August, 2018, where it was held that IBBI had no locus standi to challenge the findings recorded by the Adjudicating Authority (National Company Law Tribunal) Mumbai Bench, Mumbai. The current matter is Interlocutory Application No. 1950 of 2018.
The Insolvency & Bankruptcy Board of India (IBBI) filed Company Appeal (AT) (Insolvency) No. 415 of 2018. The appeal challenged an order dated August 1, 2018, which stated that IBBI lacked the legal standing (locus standi) to contest the findings of the Adjudicating Authority (National Company Law Tribunal) Mumbai Bench. The current proceeding concerns Interlocutory Application No. 1950 of 2018 within the same Company Appeal. The court noted that if the provisions of the Insolvency and Bankruptcy Code ('I&B Code') were not followed, the Resolution Professional representing the Corporate Debtor could file an appeal under Section 61 against the Adjudicating Authority's order dated June 4, 2018. Dr. U.K. Chaudhary, representing the 4th Respondent (Bank of Baroda),
…Order stating that IBBI has no locus standi to…
Date of the impugned order passed by the…