The case involves an appeal against an order where no admission order was passed. The appellant, KKR Jupiter Investors Pte. Ltd., filed an application under Section 7 of the I&B Code, which was pending before the Adjudicating Authority (National Company Law Tribunal) since May 2018. The respondent is IDBI Bank Ltd. & Anr. The Appellate Tribunal noted that nine months had passed without an admission order being issued.
KKR Jupiter Investors Pte. Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code (I&B Code). The application was pending before the Adjudicating Authority (National Company Law Tribunal) since May 2018. Nine months passed without any order of admission being issued. IDBI Bank Ltd. & Anr. is the respondent in this case. The learned counsel for IDBI admitted that no order for admission had been passed. An application for intervention could have been entertained under section 60(5) at the stage of admission. The Adjudicating Authority, Ahmedabad Bench, was directed to pass an appropriate order on the application under Section 7 within three weeks after hearing the Financial Creditor (Appellant) and Corporate Debtor. The Corporate Debtor
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KKR Jupiter Investors Pte. Ltd. filed an…
Date of the impugned…
The case involves an appeal against an order where no admission order was passed. The appellant, KKR Jupiter Investors Pte. Ltd., filed an application under Section 7 of the I&B Code, which was pending before the Adjudicating Authority (National Company Law Tribunal) since May 2018. The respondent is IDBI Bank Ltd. & Anr. The Appellate Tribunal noted that nine months had passed without an admission order being issued.
KKR Jupiter Investors Pte. Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code (I&B Code). The application was pending before the Adjudicating Authority (National Company Law Tribunal) since May 2018. Nine months passed without any order of admission being issued. IDBI Bank Ltd. & Anr. is the respondent in this case. The learned counsel for IDBI admitted that no order for admission had been passed. An application for intervention could have been entertained under section 60(5) at the stage of admission. The Adjudicating Authority, Ahmedabad Bench, was directed to pass an appropriate order on the application under Section 7 within three weeks after hearing the Financial Creditor (Appellant) and Corporate Debtor. The Corporate Debtor
…KKR Jupiter Investors Pte. Ltd. filed an…
Date of the impugned…