This appeal was filed against the order dated 01.08.2022 passed by the National Company Law Tribunal, Kolkata Bench-I, Kolkata in CP (IB)97/KB/2021, which rejected the application filed by the Appellant u/s 9 as barred by u/s 10A. The Adjudicating Authority rejected the Section 9 application because the date of default, 08.09.2020, fell within the period excluded under Section 10A of the Code.
Rashi Peripherls Pvt. Ltd. filed an appeal against an order dated 01.08.2022 passed by the National Company Law Tribunal (NCLT), Kolkata Bench-I, in CP (IB)97/KB/2021. The NCLT had rejected the Appellant's application under Section 9 of the Insolvency and Bankruptcy Code (IBC) as being barred by Section 10A. The NCLT determined that the date of default was 08.09.2020, which fell within the period excluded by Section 10A. The Appellant argued that the NCLT failed to properly consider Part IV of the application, which detailed the operational debt and the dates of default for various invoices between 16.04.2019 and 26.09.2019. The Appellant claimed that these defaults occurred before the period excluded by Section 10A. The Respondent, Savera Digital India Pvt. Ltd., did
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The National Company Law Tribunal (NCLT),…
The National Company Law Appellate Tribunal…
This appeal was filed against the order dated 01.08.2022 passed by the National Company Law Tribunal, Kolkata Bench-I, Kolkata in CP (IB)97/KB/2021, which rejected the application filed by the Appellant u/s 9 as barred by u/s 10A. The Adjudicating Authority rejected the Section 9 application because the date of default, 08.09.2020, fell within the period excluded under Section 10A of the Code.
Rashi Peripherls Pvt. Ltd. filed an appeal against an order dated 01.08.2022 passed by the National Company Law Tribunal (NCLT), Kolkata Bench-I, in CP (IB)97/KB/2021. The NCLT had rejected the Appellant's application under Section 9 of the Insolvency and Bankruptcy Code (IBC) as being barred by Section 10A. The NCLT determined that the date of default was 08.09.2020, which fell within the period excluded by Section 10A. The Appellant argued that the NCLT failed to properly consider Part IV of the application, which detailed the operational debt and the dates of default for various invoices between 16.04.2019 and 26.09.2019. The Appellant claimed that these defaults occurred before the period excluded by Section 10A. The Respondent, Savera Digital India Pvt. Ltd., did
…The National Company Law Tribunal (NCLT),…
The National Company Law Appellate Tribunal…