The case involves an appeal against the admission of an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 ('I&B Code') against 'M/s. Value Designbuild Private Limited' ('Corporate Debtor'). The application was filed by Mr. John Varghese through his authorised Power of Attorney Holder Smt. M. Jamuna Rani. The appeal was preferred by the Promoter, who claimed readiness to pay the admitted dues to the Respondent-'Financial Creditor'. The matter was previously decided under Section 12A and placed before the Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench, for withdrawal of application under Section 7 of the 'I&B Code'.
Mr. John Varghese, through his authorised Power of Attorney Holder Smt. M. Jamuna Rani, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against 'M/s. Value Designbuild Private Limited' ('Corporate Debtor'). The Adjudicating Authority admitted this application via an order dated 10th January, 2019. The Promoter of the Corporate Debtor preferred an appeal against the admission, stating a willingness to pay the admitted dues to the 'Financial Creditor'. The appeal was filed with a delay of 112 days. The matter had previously been decided under Section 12A and placed before the Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench, for withdrawal of the Section 7 application. The relevance of the delay is that it impacts
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Date of the impugned order admitting the…
Mr. John Varghese, through his authorised Power…
The case involves an appeal against the admission of an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 ('I&B Code') against 'M/s. Value Designbuild Private Limited' ('Corporate Debtor'). The application was filed by Mr. John Varghese through his authorised Power of Attorney Holder Smt. M. Jamuna Rani. The appeal was preferred by the Promoter, who claimed readiness to pay the admitted dues to the Respondent-'Financial Creditor'. The matter was previously decided under Section 12A and placed before the Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench, for withdrawal of application under Section 7 of the 'I&B Code'.
Mr. John Varghese, through his authorised Power of Attorney Holder Smt. M. Jamuna Rani, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, against 'M/s. Value Designbuild Private Limited' ('Corporate Debtor'). The Adjudicating Authority admitted this application via an order dated 10th January, 2019. The Promoter of the Corporate Debtor preferred an appeal against the admission, stating a willingness to pay the admitted dues to the 'Financial Creditor'. The appeal was filed with a delay of 112 days. The matter had previously been decided under Section 12A and placed before the Adjudicating Authority (National Company Law Tribunal), Bengaluru Bench, for withdrawal of the Section 7 application. The relevance of the delay is that it impacts
…Date of the impugned order admitting the…
Mr. John Varghese, through his authorised Power…