This appeal challenges the order dated 15/02/2022 passed by the National Company Law Tribunal, New Delhi, Bench III, which declared an Interim Moratorium under Section 96 of the Insolvency and Bankruptcy Code, 2016.
The Appellant is the Personal Guarantor of M/s. ANG Companies Ltd., which is currently undergoing Liquidation.
The Appellant received summons dated 15/10/2020 issued by the DRT Tribunal, Delhi, filed by the Respondent Bank for recovery of Rs.55,54,37,926/-.
The Respondent Bank issued a Demand Notice dated 06/10/2021 claiming a total debt of Rs.44,94,73,343.31/-.
The Appellant replied on 24/10/21 stating that the Bank failed to attach the necessary documents to the Demand Notice.
An Application under Section 95 of the Code dated 03/01/2022 was filed by the Bank initiating Personal Insolvency against the Appellant.
The Appellant was served with the complete set of the Application under Section 95 of the Code on 12/01/2022.
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Order passed by the National Company Law…
Appellant received…
This appeal challenges the order dated 15/02/2022 passed by the National Company Law Tribunal, New Delhi, Bench III, which declared an Interim Moratorium under Section 96 of the Insolvency and Bankruptcy Code, 2016.
The Appellant is the Personal Guarantor of M/s. ANG Companies Ltd., which is currently undergoing Liquidation.
The Appellant received summons dated 15/10/2020 issued by the DRT Tribunal, Delhi, filed by the Respondent Bank for recovery of Rs.55,54,37,926/-.
The Respondent Bank issued a Demand Notice dated 06/10/2021 claiming a total debt of Rs.44,94,73,343.31/-.
The Appellant replied on 24/10/21 stating that the Bank failed to attach the necessary documents to the Demand Notice.
An Application under Section 95 of the Code dated 03/01/2022 was filed by the Bank initiating Personal Insolvency against the Appellant.
The Appellant was served with the complete set of the Application under Section 95 of the Code on 12/01/2022.
…Order passed by the National Company Law…
Appellant received…