The appeal was filed by Ramesh Kumar Suneja, the promoter of Pawan Buildwell Pvt. Ltd. (Corporate Debtor), challenging the order dated April 4, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, in Company Petition No. (IB)-197(ND)/2018. The Adjudicating Authority had admitted the application filed by the Respondent, Brij Mohan Sahni, under Section 7 of the Insolvency and Bankruptcy Code, 2016 (I&B Code), against Pawan Buildwell Pvt. Ltd., initiated a moratorium, and appointed an Interim Resolution Professional. The appellant argued that the application under Section 7 was barred by res judicata, as a similar application by M/s Gay Printers for the same amount had been dismissed earlier.
Late Mr. Surinder Mohan Sahni entered into a partnership with Mr. Brij Mohan Sahni. After Surinder Mohan Sahni's death on October 2, 2015, the partnership dissolved. Mr. Rasik Sahni then entered into partnership with Mr. Brij Mohan Sahni on October 3, 2015, forming a new firm that assumed the assets and liabilities of the old firm. Originally, 'M/s Gay Printers,' a partnership firm of Mr. Brij Mohan Sahni and (Late) Mr. Surinder Mohan Sahni, granted a loan of Rs. 1 crore to the Corporate Debtor, M/s Pawan Buildwell Pvt. Ltd. After Surinder Mohan Sahni's death, Brij Mohan Sahni claimed to be the Financial Creditor of the Corporate Debtor regarding the loan given by 'M/s Gay Printers.' Brij Mohan Sahni filed an application under Section 7 of the I&B Code on behalf of
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Mr. Surinder Mohan Sahni passed away, leading…
Mr. Rasik Sahni entered into partnership with…
The appeal was filed by Ramesh Kumar Suneja, the promoter of Pawan Buildwell Pvt. Ltd. (Corporate Debtor), challenging the order dated April 4, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, in Company Petition No. (IB)-197(ND)/2018. The Adjudicating Authority had admitted the application filed by the Respondent, Brij Mohan Sahni, under Section 7 of the Insolvency and Bankruptcy Code, 2016 (I&B Code), against Pawan Buildwell Pvt. Ltd., initiated a moratorium, and appointed an Interim Resolution Professional. The appellant argued that the application under Section 7 was barred by res judicata, as a similar application by M/s Gay Printers for the same amount had been dismissed earlier.
Late Mr. Surinder Mohan Sahni entered into a partnership with Mr. Brij Mohan Sahni. After Surinder Mohan Sahni's death on October 2, 2015, the partnership dissolved. Mr. Rasik Sahni then entered into partnership with Mr. Brij Mohan Sahni on October 3, 2015, forming a new firm that assumed the assets and liabilities of the old firm. Originally, 'M/s Gay Printers,' a partnership firm of Mr. Brij Mohan Sahni and (Late) Mr. Surinder Mohan Sahni, granted a loan of Rs. 1 crore to the Corporate Debtor, M/s Pawan Buildwell Pvt. Ltd. After Surinder Mohan Sahni's death, Brij Mohan Sahni claimed to be the Financial Creditor of the Corporate Debtor regarding the loan given by 'M/s Gay Printers.' Brij Mohan Sahni filed an application under Section 7 of the I&B Code on behalf of
…Mr. Surinder Mohan Sahni passed away, leading…
Mr. Rasik Sahni entered into partnership with…