This is a Company Appeal (AT) (Insolvency) No.780 of 2018. The appeal was preferred by the promoters of the ‘Corporate Debtor’ against the order dated 1st November 2018 passed by the Adjudicating Authority (National Company Law Tribunal) New Delhi Bench. The Adjudicating Authority rejected the Miscellaneous Application preferred by the appellant (promoter) for review and recall of order dated 13th April, 2018, stating it was not maintainable.
The promoters of the Corporate Debtor filed an appeal against the Adjudicating Authority's order dated 1st November 2018, which rejected their application for review and recall of an order dated 13th April 2018. The Adjudicating Authority deemed the application not maintainable. The order of liquidation was passed on 11th October 2018, and the publication was ordered on 25th October 2018. The appellant's counsel submitted that the order of liquidation is under challenge in another appeal. The key fact is that the current appeal does not challenge the order of liquidation itself, but rather the rejection of the review application.
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Order was passed, which…
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This is a Company Appeal (AT) (Insolvency) No.780 of 2018. The appeal was preferred by the promoters of the ‘Corporate Debtor’ against the order dated 1st November 2018 passed by the Adjudicating Authority (National Company Law Tribunal) New Delhi Bench. The Adjudicating Authority rejected the Miscellaneous Application preferred by the appellant (promoter) for review and recall of order dated 13th April, 2018, stating it was not maintainable.
The promoters of the Corporate Debtor filed an appeal against the Adjudicating Authority's order dated 1st November 2018, which rejected their application for review and recall of an order dated 13th April 2018. The Adjudicating Authority deemed the application not maintainable. The order of liquidation was passed on 11th October 2018, and the publication was ordered on 25th October 2018. The appellant's counsel submitted that the order of liquidation is under challenge in another appeal. The key fact is that the current appeal does not challenge the order of liquidation itself, but rather the rejection of the review application.
Order was passed, which…
Adjudicating Authority (NCLT) rejected the…
Sign in to view related legal provisions.