This is an appeal against the order dated 23rd October, 2017, passed by the Adjudicating Authority (National Company Law Tribunal), Chennai, which rejected the appellant's application under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudication Authority) Rules, 2016, on the ground that the claim was pre-matured. The appellant contended that the respondent was liable to pay dues before the application was filed under Section 9 of the I&B Code.
Mitcon Consultancy & Engineering Services Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Al-Ameen Green Energy Pvt. Ltd. The Adjudicating Authority (National Company Law Tribunal), Chennai, rejected the application on the ground that the claim was pre-matured. The appellant, Mitcon Consultancy & Engineering Services Ltd., appealed this decision. The appellant's counsel referred to a work order issued by the respondent, Al-Ameen Green Energy Pvt. Ltd., dated 18th May, 2015, specifically paragraph 7 concerning 'Terms of payment', arguing that the respondent was liable to pay dues before the application was filed. The appellant also contended that no dispute existed prior to the demand notice issued under Section
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The respondent, Al-Ameen Green Energy Pvt.…
The Adjudicating Authority (National Company…
This is an appeal against the order dated 23rd October, 2017, passed by the Adjudicating Authority (National Company Law Tribunal), Chennai, which rejected the appellant's application under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudication Authority) Rules, 2016, on the ground that the claim was pre-matured. The appellant contended that the respondent was liable to pay dues before the application was filed under Section 9 of the I&B Code.
Mitcon Consultancy & Engineering Services Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Al-Ameen Green Energy Pvt. Ltd. The Adjudicating Authority (National Company Law Tribunal), Chennai, rejected the application on the ground that the claim was pre-matured. The appellant, Mitcon Consultancy & Engineering Services Ltd., appealed this decision. The appellant's counsel referred to a work order issued by the respondent, Al-Ameen Green Energy Pvt. Ltd., dated 18th May, 2015, specifically paragraph 7 concerning 'Terms of payment', arguing that the respondent was liable to pay dues before the application was filed. The appellant also contended that no dispute existed prior to the demand notice issued under Section
…The respondent, Al-Ameen Green Energy Pvt.…
The Adjudicating Authority (National Company…