The case involves an appeal against orders passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, which admitted an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) filed by Innovation House Industries Pvt Ltd against JAP Infratech Private Limited, initiating the corporate insolvency resolution process (CIRP). The Adjudicating Authority also passed a moratorium order and requested the Insolvency and Bankruptcy Board of India (IBBI) to recommend an Insolvency Resolution Professional (IRP). The appeal was filed by the directors of JAP Infratech Private Ltd, challenging the maintainability of the Section 9 application.
1. Innovation House Industries Pvt Ltd initiated corporate insolvency resolution process (CIRP) against JAP Infratech Private Limited by filing an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC).
2. The Adjudicating Authority (National Company Law Tribunal) admitted the application, declared a moratorium, and appointed an Interim Resolution Professional (IRP).
3. The directors of JAP Infratech Private Limited appealed against the Adjudicating Authority's orders.
4. The appellant argued that the demand notice issued under Section 8 of the IBC was issued by an advocate of 'Corporate Legal Partners' and not by an authorized representative of the operational creditor.
5. The respondent contended that the advocate was authorized to issue the
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Demand notice issued…
Date of the resolution passed by the Board of…
The case involves an appeal against orders passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, which admitted an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) filed by Innovation House Industries Pvt Ltd against JAP Infratech Private Limited, initiating the corporate insolvency resolution process (CIRP). The Adjudicating Authority also passed a moratorium order and requested the Insolvency and Bankruptcy Board of India (IBBI) to recommend an Insolvency Resolution Professional (IRP). The appeal was filed by the directors of JAP Infratech Private Ltd, challenging the maintainability of the Section 9 application.
1. Innovation House Industries Pvt Ltd initiated corporate insolvency resolution process (CIRP) against JAP Infratech Private Limited by filing an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC).
2. The Adjudicating Authority (National Company Law Tribunal) admitted the application, declared a moratorium, and appointed an Interim Resolution Professional (IRP).
3. The directors of JAP Infratech Private Limited appealed against the Adjudicating Authority's orders.
4. The appellant argued that the demand notice issued under Section 8 of the IBC was issued by an advocate of 'Corporate Legal Partners' and not by an authorized representative of the operational creditor.
5. The respondent contended that the advocate was authorized to issue the
Demand notice issued…
Date of the resolution passed by the Board of…