The case is an appeal before the National Company Law Appellate Tribunal (NCLAT) concerning an insolvency matter. The appellant, Ram Kishor Arora, is the Suspended Director of Supertech Ltd. The respondents are Union Bank of India & Anr. The appeal was adjourned for one week at the appellant's request to allow him to approach the bank again.
Ram Kishor Arora, the Suspended Director of Supertech Ltd., filed an appeal before the NCLAT against Union Bank of India & Anr. On 12.04.2022, Shri Arun Kathpalia, the appellant's counsel, requested an adjournment of one week to allow the appellant to approach the bank. The NCLAT granted the adjournment and listed the appeal for the next hearing on 19.04.2022. The tribunal also directed that the IRP should not constitute the CoC until the next hearing date. This suggests a negotiation or settlement attempt between the parties.
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Appellant's counsel requested an adjournment…
The appeal is listed…
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The case is an appeal before the National Company Law Appellate Tribunal (NCLAT) concerning an insolvency matter. The appellant, Ram Kishor Arora, is the Suspended Director of Supertech Ltd. The respondents are Union Bank of India & Anr. The appeal was adjourned for one week at the appellant's request to allow him to approach the bank again.
Ram Kishor Arora, the Suspended Director of Supertech Ltd., filed an appeal before the NCLAT against Union Bank of India & Anr. On 12.04.2022, Shri Arun Kathpalia, the appellant's counsel, requested an adjournment of one week to allow the appellant to approach the bank. The NCLAT granted the adjournment and listed the appeal for the next hearing on 19.04.2022. The tribunal also directed that the IRP should not constitute the CoC until the next hearing date. This suggests a negotiation or settlement attempt between the parties.
Appellant's counsel requested an adjournment…
The appeal is listed…
Sign in to view related legal provisions.