The case involves three IAs (IA No.1140, 1141, and 1142 of 2018) filed by respective applicants who were aggrieved by an order dated 2018-06-12 passed by the Appellate Tribunal in Company Appeal (AT) (Ins) No.264 of 2018. The applicants sought the recall and/or modification of the order dated 2018-06-12, aligning it with Section 12A of the Insolvency and Bankruptcy Code (IBC). The National Company Law Tribunal (NCLT), New Delhi, had admitted an application under Section 9 of the IBC filed by an operational creditor against the Corporate Debtor, PAN Realtors Pvt Ltd. An Interim Resolution Professional (IRP) was appointed, and claims were invited from creditors. The applicants filed their claims before the IRP by the due date of 2018-06-04. The IRP informed the
…The National Company Law Tribunal (NCLT), New Delhi, admitted an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, filed by an operational creditor against PAN Realtors Pvt Ltd (Corporate Debtor). An Interim Resolution Professional (IRP) was appointed, and claims were invited from creditors, including Haryana Construction and Ved Contracts Private Ltd. These creditors filed their claims before the due date of 2018-06-04. The IRP later informed the creditors that the Appellate Tribunal had passed an order on 2018-06-12 recording a settlement between the Operational Creditor and the Corporate Debtor, which prevented the IRP from processing the creditors' claims. The creditors obtained a copy of the 2018-06-12 order and discovered that an appeal
…Sign in to view the parties.
Applicants filed their claims before the…
Appeal filed by Praveen…
The case involves three IAs (IA No.1140, 1141, and 1142 of 2018) filed by respective applicants who were aggrieved by an order dated 2018-06-12 passed by the Appellate Tribunal in Company Appeal (AT) (Ins) No.264 of 2018. The applicants sought the recall and/or modification of the order dated 2018-06-12, aligning it with Section 12A of the Insolvency and Bankruptcy Code (IBC). The National Company Law Tribunal (NCLT), New Delhi, had admitted an application under Section 9 of the IBC filed by an operational creditor against the Corporate Debtor, PAN Realtors Pvt Ltd. An Interim Resolution Professional (IRP) was appointed, and claims were invited from creditors. The applicants filed their claims before the IRP by the due date of 2018-06-04. The IRP informed the
…The National Company Law Tribunal (NCLT), New Delhi, admitted an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, filed by an operational creditor against PAN Realtors Pvt Ltd (Corporate Debtor). An Interim Resolution Professional (IRP) was appointed, and claims were invited from creditors, including Haryana Construction and Ved Contracts Private Ltd. These creditors filed their claims before the due date of 2018-06-04. The IRP later informed the creditors that the Appellate Tribunal had passed an order on 2018-06-12 recording a settlement between the Operational Creditor and the Corporate Debtor, which prevented the IRP from processing the creditors' claims. The creditors obtained a copy of the 2018-06-12 order and discovered that an appeal
…Applicants filed their claims before the…
Appeal filed by Praveen…