The case involves an appeal against observations made by the Adjudicating Authority (National Company Law Tribunal, Division Bench - II, Chennai) in Para 9.4 of an order dated 13.12.2022. The Appellants, practicing Company Secretaries, were representing Ram Charan Company Pvt. Ltd. (Corporate Debtor) in an application filed by Rubamin Pvt. Ltd. (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority found that the Appellants had also appeared for M/s Classic Exports in a separate case against the same Corporate Debtor, leading to adverse remarks against the Appellants' conduct.
Rubamin Pvt. Ltd. (Operational Creditor) initiated insolvency proceedings against Ram Charan Company Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Appellants, K. Gaurav Kumar & Alpa Jain, represented the Corporate Debtor in this application. The Adjudicating Authority admitted the application. However, the Adjudicating Authority also noted that the Appellants had previously appeared for M/s Classic Exports in a separate insolvency case against the same Corporate Debtor. The Adjudicating Authority made adverse remarks against the Appellants' conduct in Para 9.4 of its order, without issuing any prior notice to the Appellants. The Appellants contended that they had obtained a no objection certificate (NOC) from the
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The case involves an appeal against observations made by the Adjudicating Authority (National Company Law Tribunal, Division Bench - II, Chennai) in Para 9.4 of an order dated 13.12.2022. The Appellants, practicing Company Secretaries, were representing Ram Charan Company Pvt. Ltd. (Corporate Debtor) in an application filed by Rubamin Pvt. Ltd. (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority found that the Appellants had also appeared for M/s Classic Exports in a separate case against the same Corporate Debtor, leading to adverse remarks against the Appellants' conduct.
Rubamin Pvt. Ltd. (Operational Creditor) initiated insolvency proceedings against Ram Charan Company Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Appellants, K. Gaurav Kumar & Alpa Jain, represented the Corporate Debtor in this application. The Adjudicating Authority admitted the application. However, the Adjudicating Authority also noted that the Appellants had previously appeared for M/s Classic Exports in a separate insolvency case against the same Corporate Debtor. The Adjudicating Authority made adverse remarks against the Appellants' conduct in Para 9.4 of its order, without issuing any prior notice to the Appellants. The Appellants contended that they had obtained a no objection certificate (NOC) from the
…Date of the impugned order by the…
The case of M/s Classic…