The case involves an appeal filed by M/s. Mahaveer Ginning & Pressing against an order dated 29th March 2019, passed by the Adjudicating Authority (National Company Law Tribunal) (NCLT) Single Bench, Chennai. The NCLT had disposed of an application without passing a final order, noting that the Corporate Debtor had made a payment of Rs. 3 lakhs and was scheduled to pay the remaining amount of Rs. 2,99,332/-. The appellant had filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, for a default of Rs. nine and half lacs.
M/s. Mahaveer Ginning & Pressing filed an appeal against an order passed by the NCLT Chennai. The NCLT disposed of an application filed by the appellant without passing a final order. The application was filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, for a default of Rs. nine and half lacs. The NCLT noted that the Corporate Debtor had made a payment of Rs. 3 lakhs and was scheduled to pay the remaining amount of Rs. 2,99,332/-. The appellant claimed that the full amount was not paid. The Adjudicating Authority disposed of the application without passing any final order on application u/s 9 for default of more than Rs. 1 lac.
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The Adjudicating Authority (National Company…
The Appellant filed an appeal against the…
The case involves an appeal filed by M/s. Mahaveer Ginning & Pressing against an order dated 29th March 2019, passed by the Adjudicating Authority (National Company Law Tribunal) (NCLT) Single Bench, Chennai. The NCLT had disposed of an application without passing a final order, noting that the Corporate Debtor had made a payment of Rs. 3 lakhs and was scheduled to pay the remaining amount of Rs. 2,99,332/-. The appellant had filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, for a default of Rs. nine and half lacs.
M/s. Mahaveer Ginning & Pressing filed an appeal against an order passed by the NCLT Chennai. The NCLT disposed of an application filed by the appellant without passing a final order. The application was filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, for a default of Rs. nine and half lacs. The NCLT noted that the Corporate Debtor had made a payment of Rs. 3 lakhs and was scheduled to pay the remaining amount of Rs. 2,99,332/-. The appellant claimed that the full amount was not paid. The Adjudicating Authority disposed of the application without passing any final order on application u/s 9 for default of more than Rs. 1 lac.
The Adjudicating Authority (National Company…
The Appellant filed an appeal against the…