This appeal challenges an order dated 31.01.2025 passed by the Adjudicating Authority (National Company Law Tribunal), Ahmedabad, Division Bench, Court-1, rejecting IA No. 270(AHM) of 2024, which was filed by the Appellant.
CIRP against Pacific Pipe Systems Private Limited commenced on 18.12.2019.
Adjudicating Authority passed an order on 04.11.2020 directing liquidation of the Corporate Debtor.
Applicant No.1 was declared Successful Auction Purchaser in the e-auction.
Applicant filed an IA No.411 of 2021 seeking certain reliefs and concessions which was allowed on 04.10.2021.
Respondent No.1 was directed to restore the electricity supply to the Corporate Debtor.
Respondent No.1 filed an appeal challenging the order dated 04.10.2021, being Company Appeal (AT) (Insolvency) No.1300 of 2022.
Appellant filed IA No.270 of 2024 before the Adjudicating Authority seeking a direction for payment of interest on the security deposit.
Adjudicating Authority rejected the application filed by the Appellant.
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Corporate Insolvency Resolution Process…
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This appeal challenges an order dated 31.01.2025 passed by the Adjudicating Authority (National Company Law Tribunal), Ahmedabad, Division Bench, Court-1, rejecting IA No. 270(AHM) of 2024, which was filed by the Appellant.
CIRP against Pacific Pipe Systems Private Limited commenced on 18.12.2019.
Adjudicating Authority passed an order on 04.11.2020 directing liquidation of the Corporate Debtor.
Applicant No.1 was declared Successful Auction Purchaser in the e-auction.
Applicant filed an IA No.411 of 2021 seeking certain reliefs and concessions which was allowed on 04.10.2021.
Respondent No.1 was directed to restore the electricity supply to the Corporate Debtor.
Respondent No.1 filed an appeal challenging the order dated 04.10.2021, being Company Appeal (AT) (Insolvency) No.1300 of 2022.
Appellant filed IA No.270 of 2024 before the Adjudicating Authority seeking a direction for payment of interest on the security deposit.
Adjudicating Authority rejected the application filed by the Appellant.
…Corporate Insolvency Resolution Process…
Adjudicating Authority…
Sign in to view related legal provisions.