This is a Company Appeal (AT) (Insolvency) No. 32 of 2019 before the National Company Law Appellate Tribunal, New Delhi. The appellant, Mr. T. Johnson, is appealing a decision made by the Adjudicating Authority (National Company Law Tribunal). The appellant's counsel argues that the claim is time-barred and no debt is payable under the law, which the Adjudicating Authority did not properly consider.
Mr. T. Johnson filed a Company Appeal (AT) (Insolvency) No. 32 of 2019 against Phoenix ARC Pvt. Ltd. & Anr. before the National Company Law Appellate Tribunal, New Delhi. The appellant's counsel argued that the claim was time-barred and no debt was payable under the law. The Adjudicating Authority (National Company Law Tribunal) did not properly consider this issue. The court ordered a notice to be issued to the respondent. The 'Interim Resolution Professional' was instructed to ensure the company remains ongoing and to seek assistance from the suspended Board of Directors and individual Director. The bank account(s) of the ‘Corporate Debtor' be allowed to be operated for day-to-day functioning of the company such as for payment of current bills of the suppliers,
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This is a Company Appeal (AT) (Insolvency) No. 32 of 2019 before the National Company Law Appellate Tribunal, New Delhi. The appellant, Mr. T. Johnson, is appealing a decision made by the Adjudicating Authority (National Company Law Tribunal). The appellant's counsel argues that the claim is time-barred and no debt is payable under the law, which the Adjudicating Authority did not properly consider.
Mr. T. Johnson filed a Company Appeal (AT) (Insolvency) No. 32 of 2019 against Phoenix ARC Pvt. Ltd. & Anr. before the National Company Law Appellate Tribunal, New Delhi. The appellant's counsel argued that the claim was time-barred and no debt was payable under the law. The Adjudicating Authority (National Company Law Tribunal) did not properly consider this issue. The court ordered a notice to be issued to the respondent. The 'Interim Resolution Professional' was instructed to ensure the company remains ongoing and to seek assistance from the suspended Board of Directors and individual Director. The bank account(s) of the ‘Corporate Debtor' be allowed to be operated for day-to-day functioning of the company such as for payment of current bills of the suppliers,
…Appellant's counsel submits that the claim is…
Deadline for filing…
Sign in to view related legal provisions.