The appeal was filed by Mr. Prateek Gupta, a director and shareholder of 'Petrolube India Limited', against an order dated January 25, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), Bench III, New Delhi. The Adjudicating Authority admitted an application under Section 9 filed by the Respondent, 'M/s Columbia Petro Chem Pvt. Ltd.', passed an order of moratorium, and appointed an Interim Resolution Professional. The appellant argued that the order was passed without notice to the Corporate Debtor and that the notice under Section 8(1) was never served.
Mr. Prateek Gupta, Director and shareholder of ‘Petrolube India Limited', appealed against an order dated January 25, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), Bench III, New Delhi. The Adjudicating Authority admitted an application under Section 9 preferred by Respondent - ‘M/s Columbia Petro Chem Pvt. Ltd.', passed an order of moratorium, and appointed an Interim Resolution Professional. The appeal was filed on March 26, 2018. The Appellant argued that the order was passed without notice to the Corporate Debtor and that notice under Section 8(1) was never served on the Corporate Debtor. The Respondent presented evidence, including a letter dated 07.02.2017 issued by Mr. Vinit N Misha, Advocate, High Court Mumbai, showing that the
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The Adjudicating Authority (National Company…
The appeal was…
The appeal was filed by Mr. Prateek Gupta, a director and shareholder of 'Petrolube India Limited', against an order dated January 25, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), Bench III, New Delhi. The Adjudicating Authority admitted an application under Section 9 filed by the Respondent, 'M/s Columbia Petro Chem Pvt. Ltd.', passed an order of moratorium, and appointed an Interim Resolution Professional. The appellant argued that the order was passed without notice to the Corporate Debtor and that the notice under Section 8(1) was never served.
Mr. Prateek Gupta, Director and shareholder of ‘Petrolube India Limited', appealed against an order dated January 25, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), Bench III, New Delhi. The Adjudicating Authority admitted an application under Section 9 preferred by Respondent - ‘M/s Columbia Petro Chem Pvt. Ltd.', passed an order of moratorium, and appointed an Interim Resolution Professional. The appeal was filed on March 26, 2018. The Appellant argued that the order was passed without notice to the Corporate Debtor and that notice under Section 8(1) was never served on the Corporate Debtor. The Respondent presented evidence, including a letter dated 07.02.2017 issued by Mr. Vinit N Misha, Advocate, High Court Mumbai, showing that the
…The Adjudicating Authority (National Company…
The appeal was…