The appeal was filed against the order dated 2024-01-23 passed by the National Company Law Tribunal (NCLT), Division Bench, Court-II, Kolkata, which rejected the Section 9 application filed by the Appellant/Operational Creditor. The NCLT's decision was based on findings that the invoices relied upon by the Operational Creditor were bogus, as per the Income Tax Authority's assessment orders. The Adjudicating Authority had also imposed a cost of Rupees One Lakh on the Applicant.
N.V. Aluminium Cast Pvt. Ltd., the Appellant/Operational Creditor, filed an appeal against the order dated 2024-01-23 passed by the National Company Law Tribunal (NCLT), Kolkata. The NCLT had rejected the Appellant's Section 9 application under the Insolvency and Bankruptcy Code (IBC). The NCLT's decision was based on the finding that the invoices submitted by the Appellant were considered bogus by the Income Tax Authority. The Income Tax Authority's assessment orders indicated that the Appellant's invoices were disputed and revealed evasion of GST. The NCLT also noted that a significant portion of the sales made by the Appellant to the Corporate Debtor were considered bogus. The NCLT imposed a cost of Rupees One Lakh on the Appellant. The Appellant challenged the
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The appeal was filed against the order dated 2024-01-23 passed by the National Company Law Tribunal (NCLT), Division Bench, Court-II, Kolkata, which rejected the Section 9 application filed by the Appellant/Operational Creditor. The NCLT's decision was based on findings that the invoices relied upon by the Operational Creditor were bogus, as per the Income Tax Authority's assessment orders. The Adjudicating Authority had also imposed a cost of Rupees One Lakh on the Applicant.
N.V. Aluminium Cast Pvt. Ltd., the Appellant/Operational Creditor, filed an appeal against the order dated 2024-01-23 passed by the National Company Law Tribunal (NCLT), Kolkata. The NCLT had rejected the Appellant's Section 9 application under the Insolvency and Bankruptcy Code (IBC). The NCLT's decision was based on the finding that the invoices submitted by the Appellant were considered bogus by the Income Tax Authority. The Income Tax Authority's assessment orders indicated that the Appellant's invoices were disputed and revealed evasion of GST. The NCLT also noted that a significant portion of the sales made by the Appellant to the Corporate Debtor were considered bogus. The NCLT imposed a cost of Rupees One Lakh on the Appellant. The Appellant challenged the
…The National Company Law Tribunal (NCLT),…
The NCLAT heard the Learned Counsel for the…
Sign in to view related legal provisions.