The case involves an application for substitution of an aggrieved person, Popatbhai Ramjibhai Bhalara, a shareholder of the corporate debtor, to be substituted as the appellant. The original 'Corporate Debtor', Radheshyam Fibres Pvt. Ltd., through Interim Resolution Professional, is to be transposed as the 2nd Respondent. The application is based on a recent decision of the Supreme Court in 'Innoventive Industries Ltd. vs. ICICI Bank and Ors.'
Radheshyam Fibres Pvt. Ltd. was the original appellant in a Company Appeal (AT) (Insolvency) No. 187 of 2017. Popatbhai Ramjibhai Bhalara, a shareholder of the corporate debtor, filed an application (I.A. No. 750 of 2017) seeking to be substituted as the appellant. The application was based on the Supreme Court's decision in 'Innoventive Industries Ltd. vs. ICICI Bank and Ors.'. The court heard the counsels and allowed the substitution, transposing Radheshyam Fibres Pvt. Ltd. as the 2nd Respondent.
Sign in to view the parties.
The court allowed the application for…
Sign in to view related legal provisions.
The case involves an application for substitution of an aggrieved person, Popatbhai Ramjibhai Bhalara, a shareholder of the corporate debtor, to be substituted as the appellant. The original 'Corporate Debtor', Radheshyam Fibres Pvt. Ltd., through Interim Resolution Professional, is to be transposed as the 2nd Respondent. The application is based on a recent decision of the Supreme Court in 'Innoventive Industries Ltd. vs. ICICI Bank and Ors.'
Radheshyam Fibres Pvt. Ltd. was the original appellant in a Company Appeal (AT) (Insolvency) No. 187 of 2017. Popatbhai Ramjibhai Bhalara, a shareholder of the corporate debtor, filed an application (I.A. No. 750 of 2017) seeking to be substituted as the appellant. The application was based on the Supreme Court's decision in 'Innoventive Industries Ltd. vs. ICICI Bank and Ors.'. The court heard the counsels and allowed the substitution, transposing Radheshyam Fibres Pvt. Ltd. as the 2nd Respondent.
The court allowed the application for…
Sign in to view related legal provisions.