The appeal was filed by a Suspended Director of the Corporate Debtor challenging the order dated 14.12.2021 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Bench IV, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Operational Creditor (Respondent No. 1). The Corporate Debtor is a manufacturer of 'Endura' products and has been using the trademark 'Endura Mass A Weight Gainer' since 2001. The Respondent No. 1 got a trademark 'NPD Endura Mass' registered in 2009, allegedly by making false representations and concealing the Corporate Debtor's trademark.
The Corporate Debtor is a manufacturer of 'Endura' products since 1996.
Respondent No. 1 obtained trademark 'NPD Endura Mass' allegedly through false representation.
An Assignment Deed dated 19.01.2018 was executed between the parties for Rs.4.40 Crores.
The Corporate Debtor issued a post-dated cheque for Rs.52,80,000/- as security.
The Corporate Debtor instructed its bank to stop payment of the cheque.
The Corporate Debtor filed a criminal complaint against Respondent No. 1.
Respondent No. 1 issued a demand notice under Section 8 of the IBC.
The Corporate Debtor claimed there was no liability to pay GST.
The Adjudicating Authority admitted the Section 9 application.
The Appellant claimed pre-existing dispute.
Sign in to view the parties.
Order passed by the Adjudicating Authority…
While issuing notice in this Appeal on…
The appeal was filed by a Suspended Director of the Corporate Debtor challenging the order dated 14.12.2021 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Bench IV, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Operational Creditor (Respondent No. 1). The Corporate Debtor is a manufacturer of 'Endura' products and has been using the trademark 'Endura Mass A Weight Gainer' since 2001. The Respondent No. 1 got a trademark 'NPD Endura Mass' registered in 2009, allegedly by making false representations and concealing the Corporate Debtor's trademark.
The Corporate Debtor is a manufacturer of 'Endura' products since 1996.
Respondent No. 1 obtained trademark 'NPD Endura Mass' allegedly through false representation.
An Assignment Deed dated 19.01.2018 was executed between the parties for Rs.4.40 Crores.
The Corporate Debtor issued a post-dated cheque for Rs.52,80,000/- as security.
The Corporate Debtor instructed its bank to stop payment of the cheque.
The Corporate Debtor filed a criminal complaint against Respondent No. 1.
Respondent No. 1 issued a demand notice under Section 8 of the IBC.
The Corporate Debtor claimed there was no liability to pay GST.
The Adjudicating Authority admitted the Section 9 application.
The Appellant claimed pre-existing dispute.
Order passed by the Adjudicating Authority…
While issuing notice in this Appeal on…