This case involves an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code (I&B Code) filed by Belthangady Taluk Rubber Growers Marketing & Processing Co-operative Society Ltd & Ors. ('Operational Creditor') against Falcon Tyres Limited ('Corporate Debtor'). The appellant, Kanti Commercials Private Limited, a shareholder of Falcon Tyres Limited, challenged the order, primarily on the ground that a suit was already pending between the parties before the issuance of the demand notice under Section 8 of the I&B Code.
Kanti Commercials Pvt. Ltd., a shareholder of Falcon Tyres Limited ('Corporate Debtor'), filed an appeal against the order dated 30th August, 2017 passed by the Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench. The Adjudicating Authority admitted an application under Section 9 of the Insolvency and Bankruptcy Code (I&B Code) filed by Belthangady Taluk Rubber Growers Marketing & Processing Co-operative Society Ltd & Ors. ('Operational Creditor'). The Operational Creditor had supplied goods to the Corporate Debtor, and a certain amount remained unpaid. The Operational Creditor issued a notice under section 434(1)(a) of the Companies Act, 1956, but the amount was not paid. The Operational Creditor then filed a suit bearing OS No. 83 of
…Sign in to view the parties.
The Operational Creditor filed a suit bearing…
The Operational Creditor issued a demand notice…
This case involves an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code (I&B Code) filed by Belthangady Taluk Rubber Growers Marketing & Processing Co-operative Society Ltd & Ors. ('Operational Creditor') against Falcon Tyres Limited ('Corporate Debtor'). The appellant, Kanti Commercials Private Limited, a shareholder of Falcon Tyres Limited, challenged the order, primarily on the ground that a suit was already pending between the parties before the issuance of the demand notice under Section 8 of the I&B Code.
Kanti Commercials Pvt. Ltd., a shareholder of Falcon Tyres Limited ('Corporate Debtor'), filed an appeal against the order dated 30th August, 2017 passed by the Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench. The Adjudicating Authority admitted an application under Section 9 of the Insolvency and Bankruptcy Code (I&B Code) filed by Belthangady Taluk Rubber Growers Marketing & Processing Co-operative Society Ltd & Ors. ('Operational Creditor'). The Operational Creditor had supplied goods to the Corporate Debtor, and a certain amount remained unpaid. The Operational Creditor issued a notice under section 434(1)(a) of the Companies Act, 1956, but the amount was not paid. The Operational Creditor then filed a suit bearing OS No. 83 of
…The Operational Creditor filed a suit bearing…
The Operational Creditor issued a demand notice…