The case involves two connected company appeals, Company Appeal (AT) (CH) (Ins) No.192/2022 and No.193/2022, before the National Company Law Appellate Tribunal (NCLAT) at Chennai. Kalyan Muppaneni, the Appellant, challenged the Impugned Order of 04.03.2022, rendered in CP (IB) No. 71/9/AMR/2020, which admitted M/s. PI Data Centers Private Limited into CIRP proceedings. Appeal No. 193/2022 was accompanied by a Condone Delay Application (IA No. 441/2022) due to a 45-day delay. The Appellant argued that the delay should be condoned because of the pendency of IA No. 30/2022. The NCLAT considered whether Section 14 of the Limitation Act could apply to exclude the period during which IA No. 30/2022 was pending. The Appellant sought a direction for the respondents to file for
…Kalyan Muppaneni, the Appellant, challenged the Impugned Order of 04.03.2022, which admitted M/s. PI Data Centers Private Limited into CIRP proceedings. The appeal was delayed by 45 days, leading to a Condone Delay Application (IA No. 441/2022). The Appellant argued that the delay should be condoned due to the pendency of IA No. 30/2022, seeking a direction for the respondents to withdraw CIRP proceedings under Section 12A of the IBC, claiming a debt settlement. The Appellant presented e-mail communications and certificates to support the claim of debt settlement. The Respondent denied the debt settlement agreement and the propriety of the e-mail communications. The Adjudicating Authority had previously ruled on IA No. 30/2022. The Appellant relied on Section 14 of the
…Sign in to view the parties.
Order passed by the Adjudicating Authority…
Appellant filed IA No. 30/2022 seeking a…
The case involves two connected company appeals, Company Appeal (AT) (CH) (Ins) No.192/2022 and No.193/2022, before the National Company Law Appellate Tribunal (NCLAT) at Chennai. Kalyan Muppaneni, the Appellant, challenged the Impugned Order of 04.03.2022, rendered in CP (IB) No. 71/9/AMR/2020, which admitted M/s. PI Data Centers Private Limited into CIRP proceedings. Appeal No. 193/2022 was accompanied by a Condone Delay Application (IA No. 441/2022) due to a 45-day delay. The Appellant argued that the delay should be condoned because of the pendency of IA No. 30/2022. The NCLAT considered whether Section 14 of the Limitation Act could apply to exclude the period during which IA No. 30/2022 was pending. The Appellant sought a direction for the respondents to file for
…Kalyan Muppaneni, the Appellant, challenged the Impugned Order of 04.03.2022, which admitted M/s. PI Data Centers Private Limited into CIRP proceedings. The appeal was delayed by 45 days, leading to a Condone Delay Application (IA No. 441/2022). The Appellant argued that the delay should be condoned due to the pendency of IA No. 30/2022, seeking a direction for the respondents to withdraw CIRP proceedings under Section 12A of the IBC, claiming a debt settlement. The Appellant presented e-mail communications and certificates to support the claim of debt settlement. The Respondent denied the debt settlement agreement and the propriety of the e-mail communications. The Adjudicating Authority had previously ruled on IA No. 30/2022. The Appellant relied on Section 14 of the
…Order passed by the Adjudicating Authority…
Appellant filed IA No. 30/2022 seeking a…