These are two appeals filed against the order dated 21.01.2022 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, on an application filed under Section 66 of the IBC. The Resolution Professional sought directions to the Respondents to provide for and make good to the Corporate Debtor for losses caused by the Respondent's fraudulent transactions. The Adjudicating Authority allowed the application and issued directions, also directing the Appellant to make a contribution.
Mr. Rohit Jasoria and Mr. Rahul Jasoria, representing RJ Brothers & Partner RJ Logistics Service LLP and Y.K. Logistics, Y.K. International respectively, filed appeals against Aargus Global Logistics Pvt. Ltd. The appeals challenged an order dated 21.01.2022 passed by the Adjudicating Authority (NCLT), New Delhi, which was based on an application filed under Section 66 of the IBC. The Resolution Professional sought directions for the Respondents to compensate the Corporate Debtor for losses due to fraudulent transactions. The Adjudicating Authority allowed the application and directed the Appellants to contribute. The Appellants contended that the direction to institute prosecution under Section 69 against them was unwarranted, as they were not officers of the
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The Adjudicating Authority (NCLT), New Delhi,…
Company Appeal (AT) (Ins.) No. 454 of 2022,…
These are two appeals filed against the order dated 21.01.2022 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, on an application filed under Section 66 of the IBC. The Resolution Professional sought directions to the Respondents to provide for and make good to the Corporate Debtor for losses caused by the Respondent's fraudulent transactions. The Adjudicating Authority allowed the application and issued directions, also directing the Appellant to make a contribution.
Mr. Rohit Jasoria and Mr. Rahul Jasoria, representing RJ Brothers & Partner RJ Logistics Service LLP and Y.K. Logistics, Y.K. International respectively, filed appeals against Aargus Global Logistics Pvt. Ltd. The appeals challenged an order dated 21.01.2022 passed by the Adjudicating Authority (NCLT), New Delhi, which was based on an application filed under Section 66 of the IBC. The Resolution Professional sought directions for the Respondents to compensate the Corporate Debtor for losses due to fraudulent transactions. The Adjudicating Authority allowed the application and directed the Appellants to contribute. The Appellants contended that the direction to institute prosecution under Section 69 against them was unwarranted, as they were not officers of the
…The Adjudicating Authority (NCLT), New Delhi,…
Company Appeal (AT) (Ins.) No. 454 of 2022,…