The case involves an appeal against an order dated 07.06.2024 passed by the Adjudicating Authority (National Company Law Tribunal, Allahabad Bench, Prayagraj) in I.A. No. 121/2024 in C.P. (IB) No. 57/ALD/2023. The Appellant sought amendment and rectification of the date of default from 07.03.2021 to 25.07.2021. The Appellant claims to be an Assignee from the Financial Creditor. The Adjudicating Authority rejected the application to amend the date of default.
Omkara Asset Reconstruction Pvt. Ltd. filed an appeal against an order dated 07.06.2024 passed by the Adjudicating Authority (National Company Law Tribunal, Allahabad Bench, Prayagraj) in I.A. No. 121/2024 in C.P. (IB) No. 57/ALD/2023. The Appellant sought amendment and rectification of the date of default from 07.03.2021 to 25.07.2021. The Appellant claims to be an Assignee from the Financial Creditor, with the assignment taken on 30.09.2021. The Appellant issued a notice under Section 13(2) of the SARFAESI Act on 21.05.2022 and subsequently filed a Section 7 application. The date of default mentioned in Part-IV of Form-I was 07.03.2021. The application to amend the date was rejected by the Adjudicating Authority. The Appellant argued that the default was continuing
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The case involves an appeal against an order dated 07.06.2024 passed by the Adjudicating Authority (National Company Law Tribunal, Allahabad Bench, Prayagraj) in I.A. No. 121/2024 in C.P. (IB) No. 57/ALD/2023. The Appellant sought amendment and rectification of the date of default from 07.03.2021 to 25.07.2021. The Appellant claims to be an Assignee from the Financial Creditor. The Adjudicating Authority rejected the application to amend the date of default.
Omkara Asset Reconstruction Pvt. Ltd. filed an appeal against an order dated 07.06.2024 passed by the Adjudicating Authority (National Company Law Tribunal, Allahabad Bench, Prayagraj) in I.A. No. 121/2024 in C.P. (IB) No. 57/ALD/2023. The Appellant sought amendment and rectification of the date of default from 07.03.2021 to 25.07.2021. The Appellant claims to be an Assignee from the Financial Creditor, with the assignment taken on 30.09.2021. The Appellant issued a notice under Section 13(2) of the SARFAESI Act on 21.05.2022 and subsequently filed a Section 7 application. The date of default mentioned in Part-IV of Form-I was 07.03.2021. The application to amend the date was rejected by the Adjudicating Authority. The Appellant argued that the default was continuing
…The Adjudicating…
The date of d…
Sign in to view related legal provisions.