The case involves a Company Appeal (AT) (Insolvency) No. 316 of 2021 filed by Mr. Ravi Ajit Kulkarni, the personal guarantor of Pratibha Industries Limited, against an order passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench. The Adjudicating Authority had admitted an application under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC), appointing a Resolution Professional and calling for a report under Section 99 of the IBC. The application was filed by State Bank of India, the respondent, through its Resolution Professional. The appellant challenged the order, arguing that the Adjudicating Authority failed to issue proper notice and violated the principles of natural justice. The appeal also raised concerns about the
…Mr. Ravi Ajit Kulkarni, as the personal guarantor of Pratibha Industries Limited, filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, which initiated insolvency proceedings against him under Section 95 of the Insolvency and Bankruptcy Code (IBC). The Adjudicating Authority appointed a Resolution Professional and called for a report under Section 99 of the IBC. The application was filed by the State Bank of India, the financial creditor, through its Resolution Professional, Mr. Ram RatanKanoongo. The appellant argued that the Adjudicating Authority did not issue proper notice to him, violating the principles of natural justice. He also contended that the Adjudicating Authority prematurely concluded that there
…Sign in to view the parties.
The application filed by the Respondent was…
The matter was adjourned for paucity of time…
The case involves a Company Appeal (AT) (Insolvency) No. 316 of 2021 filed by Mr. Ravi Ajit Kulkarni, the personal guarantor of Pratibha Industries Limited, against an order passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench. The Adjudicating Authority had admitted an application under Section 95 of the Insolvency and Bankruptcy Code, 2016 (IBC), appointing a Resolution Professional and calling for a report under Section 99 of the IBC. The application was filed by State Bank of India, the respondent, through its Resolution Professional. The appellant challenged the order, arguing that the Adjudicating Authority failed to issue proper notice and violated the principles of natural justice. The appeal also raised concerns about the
…Mr. Ravi Ajit Kulkarni, as the personal guarantor of Pratibha Industries Limited, filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, which initiated insolvency proceedings against him under Section 95 of the Insolvency and Bankruptcy Code (IBC). The Adjudicating Authority appointed a Resolution Professional and called for a report under Section 99 of the IBC. The application was filed by the State Bank of India, the financial creditor, through its Resolution Professional, Mr. Ram RatanKanoongo. The appellant argued that the Adjudicating Authority did not issue proper notice to him, violating the principles of natural justice. He also contended that the Adjudicating Authority prematurely concluded that there
…The application filed by the Respondent was…
The matter was adjourned for paucity of time…