This is an appeal against the order dated 30.09.2019 passed by the Adjudicating Authority (National Company Law Tribunal, Kolkata Bench, Kolkata), which rejected the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority rejected the application on the grounds that the operational creditor did not deliver a demand notice to the corporate debtor and that the claim of receipt of money in May 2016 was not evidenced by any Banker's certificate or details of cheque.
Quippo Infrastructure Limited (Appellant) filed an appeal against the order dated 30.09.2019 passed by the Adjudicating Authority (National Company Law Tribunal, Kolkata Bench, Kolkata). The Adjudicating Authority rejected the application filed by Quippo Infrastructure Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The rejection was based on the grounds that the operational creditor (Quippo Infrastructure Limited) did not deliver a demand notice to the corporate debtor (M.R. Nirman Private Limited) as required under Section 8 of the Code, and that the claim of receipt of money in May 2016 was not evidenced by any Banker's certificate or details of cheque. The Appellant contended that the Demand Notice was served on 12.12.2017 and that proof of
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Demand Notice was…
Demand Notice…
This is an appeal against the order dated 30.09.2019 passed by the Adjudicating Authority (National Company Law Tribunal, Kolkata Bench, Kolkata), which rejected the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority rejected the application on the grounds that the operational creditor did not deliver a demand notice to the corporate debtor and that the claim of receipt of money in May 2016 was not evidenced by any Banker's certificate or details of cheque.
Quippo Infrastructure Limited (Appellant) filed an appeal against the order dated 30.09.2019 passed by the Adjudicating Authority (National Company Law Tribunal, Kolkata Bench, Kolkata). The Adjudicating Authority rejected the application filed by Quippo Infrastructure Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The rejection was based on the grounds that the operational creditor (Quippo Infrastructure Limited) did not deliver a demand notice to the corporate debtor (M.R. Nirman Private Limited) as required under Section 8 of the Code, and that the claim of receipt of money in May 2016 was not evidenced by any Banker's certificate or details of cheque. The Appellant contended that the Demand Notice was served on 12.12.2017 and that proof of
…Demand Notice was…
Demand Notice…