An appeal was filed against the order dated 03.02.2026 passed by the Adjudicating Authority (National Company Law Tribunal) Division Bench, Court-1, Ahmedabad, which admitted a Section 9 application filed by the Operational Creditor. The CIRP against the Appellant was earlier initiated by order dated 29.08.2024, which was set aside on 03.09.2024, giving liberty to the Operational Creditor to revive the Section 9 petition. Restoration Application No.33 of 2025 was filed by the Operational Creditor for reviving C.P. (IB) No.165 of 2024.
An appeal was filed against the order dated 03.02.2026 passed by the Adjudicating Authority (National Company Law Tribunal) Division Bench, Court-1, Ahmedabad.
The Adjudicating Authority admitted a Section 9 application filed by the Operational Creditor.
CIRP against the Appellant was earlier initiated by order dated 29.08.2024, which was set aside on 03.09.2024.
Restoration Application No.33 of 2025 was filed by the Operational Creditor for reviving C.P. (IB) No.165 of 2024.
The Adjudicating Authority revived the CIRP because an amount of Rs.39,38,653/- was not paid out of the settlement amount of Rs.2,69,38,653/-.
The Appellant's counsel handed over a Bank Daft of Rs.39,38,787.77/- to the Respondent's counsel, representing the balance amount.
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Order passed by the Adjudicating Authority…
CIRP agains…
An appeal was filed against the order dated 03.02.2026 passed by the Adjudicating Authority (National Company Law Tribunal) Division Bench, Court-1, Ahmedabad, which admitted a Section 9 application filed by the Operational Creditor. The CIRP against the Appellant was earlier initiated by order dated 29.08.2024, which was set aside on 03.09.2024, giving liberty to the Operational Creditor to revive the Section 9 petition. Restoration Application No.33 of 2025 was filed by the Operational Creditor for reviving C.P. (IB) No.165 of 2024.
An appeal was filed against the order dated 03.02.2026 passed by the Adjudicating Authority (National Company Law Tribunal) Division Bench, Court-1, Ahmedabad.
The Adjudicating Authority admitted a Section 9 application filed by the Operational Creditor.
CIRP against the Appellant was earlier initiated by order dated 29.08.2024, which was set aside on 03.09.2024.
Restoration Application No.33 of 2025 was filed by the Operational Creditor for reviving C.P. (IB) No.165 of 2024.
The Adjudicating Authority revived the CIRP because an amount of Rs.39,38,653/- was not paid out of the settlement amount of Rs.2,69,38,653/-.
The Appellant's counsel handed over a Bank Daft of Rs.39,38,787.77/- to the Respondent's counsel, representing the balance amount.
…Order passed by the Adjudicating Authority…
CIRP agains…