This case involves an appeal against an order dated 6th May, 2022, passed by the National Company Law Tribunal (NCLT), Kolkata Bench, in C.P.(IB) No. 1340 of 2018. The appellants, claiming to be shareholders of the Corporate Debtor, challenged the NCLT's order. The Respondent No. 2, claiming to be a Financial Creditor, had filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), alleging a subsisting financial debt related to the supply of materials to the Corporate Debtor. The appellants had previously appealed to the NCLT, which was dismissed, and subsequently to the Supreme Court under Section 62 of IBC, which was also dismissed in-limine. The debt of the Respondents was declared as Financial Debt in these proceedings. The appellants filed
…Raghavendra G. Kundangar and 115 other individuals filed an appeal against the order dated 6th May, 2022, passed by the National Company Law Tribunal (NCLT), Kolkata Bench, in C.P.(IB) No. 1340 of 2018. The appellants claimed to be shareholders of the Corporate Debtor. Jindal Steel and Power Limited, the Respondent No. 2, claimed to be a Financial Creditor and had filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), alleging a subsisting financial debt related to the supply of materials to the Corporate Debtor. The appellants had previously appealed to the NCLT, which was dismissed, and subsequently to the Supreme Court under Section 62 of IBC, which was also dismissed in-limine. The debt of the Respondents was declared as Financial Debt in
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Respondent No. 2 filed an application under…
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This case involves an appeal against an order dated 6th May, 2022, passed by the National Company Law Tribunal (NCLT), Kolkata Bench, in C.P.(IB) No. 1340 of 2018. The appellants, claiming to be shareholders of the Corporate Debtor, challenged the NCLT's order. The Respondent No. 2, claiming to be a Financial Creditor, had filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), alleging a subsisting financial debt related to the supply of materials to the Corporate Debtor. The appellants had previously appealed to the NCLT, which was dismissed, and subsequently to the Supreme Court under Section 62 of IBC, which was also dismissed in-limine. The debt of the Respondents was declared as Financial Debt in these proceedings. The appellants filed
…Raghavendra G. Kundangar and 115 other individuals filed an appeal against the order dated 6th May, 2022, passed by the National Company Law Tribunal (NCLT), Kolkata Bench, in C.P.(IB) No. 1340 of 2018. The appellants claimed to be shareholders of the Corporate Debtor. Jindal Steel and Power Limited, the Respondent No. 2, claimed to be a Financial Creditor and had filed an application under Section 7 of the Insolvency and Bankruptcy Code (IBC), alleging a subsisting financial debt related to the supply of materials to the Corporate Debtor. The appellants had previously appealed to the NCLT, which was dismissed, and subsequently to the Supreme Court under Section 62 of IBC, which was also dismissed in-limine. The debt of the Respondents was declared as Financial Debt in
…Respondent No. 2 filed an application under…
The Appellants preferred appeal before the…