The appeal was preferred by Kansal Building Solutions Pvt. Ltd. (Corporate Debtor) against the order dated March 25, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi, which admitted the application u/s 7 of the Insolvency and Bankruptcy Code, 2016 filed by the Respondent Dena Bank (Financial Creditor).
Dena Bank (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Kansal Building Solutions Pvt. Ltd. (Corporate Debtor). The Adjudicating Authority admitted the application. Kansal Building Solutions Pvt. Ltd. then filed an appeal against the admission order, arguing that the application filed by Dena Bank was incomplete. The Adjudicating Authority was satisfied that Form 1 was complete and there is 'debt' and 'default'.
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The Adjudicating Authority (National Company…
Kansal Building Solutions Pvt. Ltd. filed an…
The appeal was preferred by Kansal Building Solutions Pvt. Ltd. (Corporate Debtor) against the order dated March 25, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi, which admitted the application u/s 7 of the Insolvency and Bankruptcy Code, 2016 filed by the Respondent Dena Bank (Financial Creditor).
Dena Bank (Financial Creditor) filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against Kansal Building Solutions Pvt. Ltd. (Corporate Debtor). The Adjudicating Authority admitted the application. Kansal Building Solutions Pvt. Ltd. then filed an appeal against the admission order, arguing that the application filed by Dena Bank was incomplete. The Adjudicating Authority was satisfied that Form 1 was complete and there is 'debt' and 'default'.
The Adjudicating Authority (National Company…
Kansal Building Solutions Pvt. Ltd. filed an…