The case involves an appeal against an order dated 2018-01-18 passed by the National Company Law Tribunal (NCLT), Ahmedabad Bench, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) filed by Deep Construction Company ('Operational Creditor') against A & I Hospitality Private Limited ('Corporate Debtor'). The appellant, a shareholder of the Corporate Debtor, challenged the NCLT order, which also declared a moratorium and appointed an Interim Resolution Professional.
A & I Hospitality Private Limited ('Corporate Debtor') faced an insolvency application under Section 9 of the Insolvency and Bankruptcy Code (IBC) filed by Deep Construction Company ('Operational Creditor'). The NCLT Ahmedabad admitted the application on 2018-01-18, leading to a moratorium and appointment of an Interim Resolution Professional. Mr. Naresh Hansrajmal Bulchandani, a shareholder of the Corporate Debtor, appealed the NCLT's decision. The appellant argued that no debt was due, disputing the 'default'. The Operational Creditor had issued a demand notice under Section 8(1) of the IBC, but the Corporate Debtor did not reply with a notice of dispute as required by Section 8(2). The appellant claimed the application was incomplete and pointed to defects in
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The National Company Law Tribunal (NCLT),…
The Appellant, a shareholder of ‘Corporate…
The case involves an appeal against an order dated 2018-01-18 passed by the National Company Law Tribunal (NCLT), Ahmedabad Bench, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) filed by Deep Construction Company ('Operational Creditor') against A & I Hospitality Private Limited ('Corporate Debtor'). The appellant, a shareholder of the Corporate Debtor, challenged the NCLT order, which also declared a moratorium and appointed an Interim Resolution Professional.
A & I Hospitality Private Limited ('Corporate Debtor') faced an insolvency application under Section 9 of the Insolvency and Bankruptcy Code (IBC) filed by Deep Construction Company ('Operational Creditor'). The NCLT Ahmedabad admitted the application on 2018-01-18, leading to a moratorium and appointment of an Interim Resolution Professional. Mr. Naresh Hansrajmal Bulchandani, a shareholder of the Corporate Debtor, appealed the NCLT's decision. The appellant argued that no debt was due, disputing the 'default'. The Operational Creditor had issued a demand notice under Section 8(1) of the IBC, but the Corporate Debtor did not reply with a notice of dispute as required by Section 8(2). The appellant claimed the application was incomplete and pointed to defects in
…The National Company Law Tribunal (NCLT),…
The Appellant, a shareholder of ‘Corporate…