This case involves an appeal against an order dismissing a Section 9 application filed by the Appellant. The Corporate Debtor, Trident Ltd., had entered into a contract with the Operational Creditor, with a bank guarantee issued. The Corporate Debtor claimed a deficiency in service by the Operational Creditor and issued a notice under Section 21 of the Arbitration and Conciliation Act, 1996. The Corporate Debtor invoked arbitration clauses and appointed an arbitrator. The Appellant was requested to appoint a second arbitrator. The Appellant then issued a notice under Section 8 of the I&B Code, 2016, and subsequently filed a Section 9 application, which was rejected by the Adjudicating Authority.
NTT Data Business Solutions Pvt. Ltd. (Appellant) filed an appeal against an order dismissing their Section 9 application. Trident Ltd. (Corporate Debtor) had a contract with the Operational Creditor, with a bank guarantee. Trident Ltd. claimed deficiency in service by the Operational Creditor and issued a notice under Section 21 of the Arbitration and Conciliation Act, 1996, on June 14, 2021. Trident Ltd. invoked arbitration clauses and appointed Justice R.K. Jain (Retd) as Arbitrator. The Appellant was requested to appoint a second Arbitrator. The Appellant issued a notice under Section 8 of the I&B Code, 2016, on June 21, 2021, and then filed a Section 9 application. The Adjudicating Authority rejected the Section 9 application, finding a pre-existing dispute.
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Corporate Debtor issued notice under Section 21…
Meeting and email…
This case involves an appeal against an order dismissing a Section 9 application filed by the Appellant. The Corporate Debtor, Trident Ltd., had entered into a contract with the Operational Creditor, with a bank guarantee issued. The Corporate Debtor claimed a deficiency in service by the Operational Creditor and issued a notice under Section 21 of the Arbitration and Conciliation Act, 1996. The Corporate Debtor invoked arbitration clauses and appointed an arbitrator. The Appellant was requested to appoint a second arbitrator. The Appellant then issued a notice under Section 8 of the I&B Code, 2016, and subsequently filed a Section 9 application, which was rejected by the Adjudicating Authority.
NTT Data Business Solutions Pvt. Ltd. (Appellant) filed an appeal against an order dismissing their Section 9 application. Trident Ltd. (Corporate Debtor) had a contract with the Operational Creditor, with a bank guarantee. Trident Ltd. claimed deficiency in service by the Operational Creditor and issued a notice under Section 21 of the Arbitration and Conciliation Act, 1996, on June 14, 2021. Trident Ltd. invoked arbitration clauses and appointed Justice R.K. Jain (Retd) as Arbitrator. The Appellant was requested to appoint a second Arbitrator. The Appellant issued a notice under Section 8 of the I&B Code, 2016, on June 21, 2021, and then filed a Section 9 application. The Adjudicating Authority rejected the Section 9 application, finding a pre-existing dispute.
…Corporate Debtor issued notice under Section 21…
Meeting and email…