The case involves an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, in a company petition. The appellant, Sh. Phool Chand Goyal, filed the appeal on the grounds that the matter had been settled with the operational creditor, M/s R.B. Enterprises, before the constitution of the Committee of Creditors. The operational creditor appeared and accepted that the parties had settled. An intervention application was filed by Mr. Rishu Goyal, opposing the settlement. The Adjudicating Authority admitted the application on 7th November 2019.
Sh. Phool Chand Goyal, the appellant, filed an appeal against an order by the National Company Law Tribunal (NCLT), New Delhi. The basis of the appeal was that a settlement had been reached with the operational creditor, M/s R.B. Enterprises, before the Committee of Creditors was formed. Avneet Goyal, representing M/s R.B. Enterprises, confirmed the settlement. A settlement deed dated 27th November 2019, was presented as evidence of the agreement. Mr. Mahesh Taneja was appointed as the IRP. An intervention application was filed by Mr. Rishu Goyal, opposing the settlement, claiming outstanding dues. The NCLT admitted the application on 7th November 2019. The appellant agreed to pay the IRP fees. The settlement involved a payment of Rs. 1582410.10 from Sh. Phool Chand to
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National Company Law…
A public annou…
The case involves an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, in a company petition. The appellant, Sh. Phool Chand Goyal, filed the appeal on the grounds that the matter had been settled with the operational creditor, M/s R.B. Enterprises, before the constitution of the Committee of Creditors. The operational creditor appeared and accepted that the parties had settled. An intervention application was filed by Mr. Rishu Goyal, opposing the settlement. The Adjudicating Authority admitted the application on 7th November 2019.
Sh. Phool Chand Goyal, the appellant, filed an appeal against an order by the National Company Law Tribunal (NCLT), New Delhi. The basis of the appeal was that a settlement had been reached with the operational creditor, M/s R.B. Enterprises, before the Committee of Creditors was formed. Avneet Goyal, representing M/s R.B. Enterprises, confirmed the settlement. A settlement deed dated 27th November 2019, was presented as evidence of the agreement. Mr. Mahesh Taneja was appointed as the IRP. An intervention application was filed by Mr. Rishu Goyal, opposing the settlement, claiming outstanding dues. The NCLT admitted the application on 7th November 2019. The appellant agreed to pay the IRP fees. The settlement involved a payment of Rs. 1582410.10 from Sh. Phool Chand to
…National Company Law…
A public annou…