This is a Company Appeal (AT) (Insolvency) No. 570 of 2018 filed by Mr. Anmol Tekriwal against the order dated 8th June, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Court-III, whereby the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 preferred by ‘M/s. M.N. Auxichem' for initiation of 'Corporate Insolvency Resolution Process' against ‘M/s. BTM Industries Limited' has been admitted. The appeal was filed with a delay of 6 days, which the appellate tribunal condoned. The appellant argued that the corporate debtor was not served notice before the admission of the application under Section 9.
M/s. M.N. Auxichem initiated Corporate Insolvency Resolution Process against M/s. BTM Industries Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority admitted the application, leading Mr. Anmol Tekriwal, a shareholder of the Corporate Debtor, to file an appeal. The appeal was filed with a delay of 6 days. The Appellant contended that the Corporate Debtor was not served notice before the admission of the application under Section 9. The Operational Creditor claimed settlement. An Intervention Application was filed by Samarpan Synthetics Private Limited, claiming settlement with the Corporate Debtor. The Adjudicating Authority appointed an Interim Resolution Professional, declared a moratorium, and froze
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This is a Company Appeal (AT) (Insolvency) No. 570 of 2018 filed by Mr. Anmol Tekriwal against the order dated 8th June, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Court-III, whereby the application under Section 9 of the Insolvency and Bankruptcy Code, 2016 preferred by ‘M/s. M.N. Auxichem' for initiation of 'Corporate Insolvency Resolution Process' against ‘M/s. BTM Industries Limited' has been admitted. The appeal was filed with a delay of 6 days, which the appellate tribunal condoned. The appellant argued that the corporate debtor was not served notice before the admission of the application under Section 9.
M/s. M.N. Auxichem initiated Corporate Insolvency Resolution Process against M/s. BTM Industries Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority admitted the application, leading Mr. Anmol Tekriwal, a shareholder of the Corporate Debtor, to file an appeal. The appeal was filed with a delay of 6 days. The Appellant contended that the Corporate Debtor was not served notice before the admission of the application under Section 9. The Operational Creditor claimed settlement. An Intervention Application was filed by Samarpan Synthetics Private Limited, claiming settlement with the Corporate Debtor. The Adjudicating Authority appointed an Interim Resolution Professional, declared a moratorium, and froze
…The Adjudicating Authority (National Company…
The Appellant filed an appeal against the…