The case involves an appeal against an order by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Court IV. The Adjudicating Authority had adjourned the matter to March 11, 2021, noting that a claim in IA 340/ND/2021 was still pending verification and had not been rejected by the Resolution Professional. The Resolution Professional was directed to complete the process regarding these claims.
Oasis Suppliers Pvt. Ltd. filed an appeal against Mr. Amarpal, the Interim Resolution Professional (IRP). The Adjudicating Authority (National Company Law Tribunal) had adjourned a matter to March 11, 2021, because a claim was pending verification. The IRP cited delays due to the unavailability of account statements. The Committee of Creditors (COC) was not a party to the appeal. The court directed the Adjudicating Authority to ensure the IRP files its report by March 10, 2021, to allow the Adjudicating Authority to pass an order by March 11, 2021. This case highlights issues related to claim verification delays and procedural aspects in insolvency proceedings.
Sign in to view the parties.
The Adjudicating…
The Adjudicating Authority adjourned the matter…
Sign in to view related legal provisions.
The case involves an appeal against an order by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Court IV. The Adjudicating Authority had adjourned the matter to March 11, 2021, noting that a claim in IA 340/ND/2021 was still pending verification and had not been rejected by the Resolution Professional. The Resolution Professional was directed to complete the process regarding these claims.
Oasis Suppliers Pvt. Ltd. filed an appeal against Mr. Amarpal, the Interim Resolution Professional (IRP). The Adjudicating Authority (National Company Law Tribunal) had adjourned a matter to March 11, 2021, because a claim was pending verification. The IRP cited delays due to the unavailability of account statements. The Committee of Creditors (COC) was not a party to the appeal. The court directed the Adjudicating Authority to ensure the IRP files its report by March 10, 2021, to allow the Adjudicating Authority to pass an order by March 11, 2021. This case highlights issues related to claim verification delays and procedural aspects in insolvency proceedings.
The Adjudicating…
The Adjudicating Authority adjourned the matter…
Sign in to view related legal provisions.