The case involves an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Principal Bench. The appellant challenged the order dated 4th April, 2019. The Adjudicating Authority had clarified that the moratorium under Section 14 of the Code, 2016 continues to be in operation until it is revoked, and there was no order of revocation of the moratorium.
The Appellant, Isgee Heavy Engineering Ltd., challenged an order dated 4th April, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Principal Bench. The Adjudicating Authority had clarified that the moratorium under Section 14 of the Code, 2016 continues to be in operation until it is revoked, and there was no order of revocation of the moratorium. The Appellant's counsel argued that the moratorium period should have been treated as completed on 5th October, 2018, as more than 270 days had passed. The resolution plan had been filed before the Adjudicating Authority, which was considered, and an order was reserved on 15th November, 2018. The appellant also requested that the arbitration proceeding filed by the Appellant should be
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Appellant's counsel submitted that the period…
The case involves an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Principal Bench. The appellant challenged the order dated 4th April, 2019. The Adjudicating Authority had clarified that the moratorium under Section 14 of the Code, 2016 continues to be in operation until it is revoked, and there was no order of revocation of the moratorium.
The Appellant, Isgee Heavy Engineering Ltd., challenged an order dated 4th April, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Principal Bench. The Adjudicating Authority had clarified that the moratorium under Section 14 of the Code, 2016 continues to be in operation until it is revoked, and there was no order of revocation of the moratorium. The Appellant's counsel argued that the moratorium period should have been treated as completed on 5th October, 2018, as more than 270 days had passed. The resolution plan had been filed before the Adjudicating Authority, which was considered, and an order was reserved on 15th November, 2018. The appellant also requested that the arbitration proceeding filed by the Appellant should be
…The Adjudicating Authority (National Company…
Appellant's counsel submitted that the period…