The case originated from an application filed by Mr. S. Gurumoorthy under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Sahara Q Shop Unique Products Range Limited, the Corporate Debtor. This application was admitted by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, through an order dated December 15, 2017. The primary ground for challenging this admission order was the appellant's contention that there was no default on the part of the Corporate Debtor, as alleged by the Operational Creditor. The appellant, Sh. Romi Datta, a shareholder of the Corporate Debtor, subsequently challenged this order before the National Company Law Appellate Tribunal (NCLAT).
Mr. S. Gurumoorthi filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. Sahara Q Shop Unique Products Range Limited, the Corporate Debtor. The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, admitted this application through an order dated December 15, 2017. Sh. Romi Datta, a shareholder of the Corporate Debtor, challenged this order, arguing there was no default by the Corporate Debtor.
…Supreme Court passed a judgment/final order in…
SEBI directed NSEL not to release amounts due to…
The case originated from an application filed by Mr. S. Gurumoorthy under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Sahara Q Shop Unique Products Range Limited, the Corporate Debtor. This application was admitted by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, through an order dated December 15, 2017. The primary ground for challenging this admission order was the appellant's contention that there was no default on the part of the Corporate Debtor, as alleged by the Operational Creditor. The appellant, Sh. Romi Datta, a shareholder of the Corporate Debtor, subsequently challenged this order before the National Company Law Appellate Tribunal (NCLAT).
Mr. S. Gurumoorthi filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. Sahara Q Shop Unique Products Range Limited, the Corporate Debtor. The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, admitted this application through an order dated December 15, 2017. Sh. Romi Datta, a shareholder of the Corporate Debtor, challenged this order, arguing there was no default by the Corporate Debtor.
…Supreme Court passed a judgment/final order in…
SEBI directed NSEL not to release amounts due to…