The case is a Company Appeal (AT) (CH) (Ins) No. 134/2023, filed under Section 61 of the Insolvency and Bankruptcy Code, 2016. It arises out of an impugned order dated 01/05/2023 passed by the Adjudicating Authority (National Company Law Tribunal, Division Bench – I, Chennai) in C.P.(IB)5/CHE/2023. The appellant is Sathya Moorthy Sai Prasad, the Suspended Director of Ozone Projects Pvt. Ltd., and the respondents are Shapoorji Pallonji and Company Pvt. Ltd. & Anr. The appellant's counsel has relied upon an order of the Tribunal passed in 'Permali Wallace Pvt. Ltd.' Vs. 'Narbada Forest Industries Pvt. Ltd.', in Comp. App. (AT) (Ins.) No. 36/2023.
Sathya Moorthy Sai Prasad, the Suspended Director of Ozone Projects Pvt. Ltd., filed a Company Appeal against Shapoorji Pallonji and Company Pvt. Ltd. & Anr. The appeal arises from an impugned order dated 01/05/2023 passed by the National Company Law Tribunal, Division Bench – I, Chennai. The appellant's counsel referred to a previous order in 'Permali Wallace Pvt. Ltd.' Vs. 'Narbada Forest Industries Pvt. Ltd.' The court issued a notice to the respondents, which was accepted by their counsel. The respondents requested time to file a reply, and the appellant was given the opportunity to file a rejoinder. Further proceedings were stayed until the next hearing on July 4, 2023.
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Reference to Section 61 of the Insolvency and…
Date of the impugned order passed by the…
The case is a Company Appeal (AT) (CH) (Ins) No. 134/2023, filed under Section 61 of the Insolvency and Bankruptcy Code, 2016. It arises out of an impugned order dated 01/05/2023 passed by the Adjudicating Authority (National Company Law Tribunal, Division Bench – I, Chennai) in C.P.(IB)5/CHE/2023. The appellant is Sathya Moorthy Sai Prasad, the Suspended Director of Ozone Projects Pvt. Ltd., and the respondents are Shapoorji Pallonji and Company Pvt. Ltd. & Anr. The appellant's counsel has relied upon an order of the Tribunal passed in 'Permali Wallace Pvt. Ltd.' Vs. 'Narbada Forest Industries Pvt. Ltd.', in Comp. App. (AT) (Ins.) No. 36/2023.
Sathya Moorthy Sai Prasad, the Suspended Director of Ozone Projects Pvt. Ltd., filed a Company Appeal against Shapoorji Pallonji and Company Pvt. Ltd. & Anr. The appeal arises from an impugned order dated 01/05/2023 passed by the National Company Law Tribunal, Division Bench – I, Chennai. The appellant's counsel referred to a previous order in 'Permali Wallace Pvt. Ltd.' Vs. 'Narbada Forest Industries Pvt. Ltd.' The court issued a notice to the respondents, which was accepted by their counsel. The respondents requested time to file a reply, and the appellant was given the opportunity to file a rejoinder. Further proceedings were stayed until the next hearing on July 4, 2023.
Reference to Section 61 of the Insolvency and…
Date of the impugned order passed by the…