This appeal arises from an order dated February 9, 2024, passed by the National Company Law Tribunal (NCLT), New Delhi Bench (Court-II), which dismissed CA No. 24/ND/2023. The appellant, SBS Holdings, Inc., had filed this application to challenge an order issued by the Liquidator on April 3, 2023. The Liquidator's order had rejected the appellant's claim, which was based on an arbitral award. The NCLT upheld the Liquidator's decision, leading the appellant to file the present appeal before the National Company Law Appellate Tribunal (NCLAT).
…The appellant, SBS Holdings, Inc., and its group companies entered into a Memorandum of Understanding ("MoU") with the Corporate Debtor, SBS Transpole Logistics Private Limited, on January 20, 2014. Subsequently, a Shareholders' Agreement was also executed between the appellant and the Corporate Debtor on July 31, 2014. These agreements formed the basis of their commercial relationship.
…The Appellant and its group companies entered…
A Shareholders'…
This appeal arises from an order dated February 9, 2024, passed by the National Company Law Tribunal (NCLT), New Delhi Bench (Court-II), which dismissed CA No. 24/ND/2023. The appellant, SBS Holdings, Inc., had filed this application to challenge an order issued by the Liquidator on April 3, 2023. The Liquidator's order had rejected the appellant's claim, which was based on an arbitral award. The NCLT upheld the Liquidator's decision, leading the appellant to file the present appeal before the National Company Law Appellate Tribunal (NCLAT).
…The appellant, SBS Holdings, Inc., and its group companies entered into a Memorandum of Understanding ("MoU") with the Corporate Debtor, SBS Transpole Logistics Private Limited, on January 20, 2014. Subsequently, a Shareholders' Agreement was also executed between the appellant and the Corporate Debtor on July 31, 2014. These agreements formed the basis of their commercial relationship.
…The Appellant and its group companies entered…
A Shareholders'…