The appeal was filed by Mr. Shashi Kanth Jain, Director of Hindustan Paper Corporation Ltd. (Corporate Debtor), against the order dated 13th June, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench. The Adjudicating Authority admitted the application under Section 9 of the I&B Code preferred by M/s. Alloys & Metals (India), passed an order of moratorium, and appointed a Resolution Professional.
M/s. Alloys & Metals (India) initiated insolvency proceedings against Hindustan Paper Corporation Ltd. (Corporate Debtor) under Section 9 of the I&B Code. The Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, admitted the application, declared a moratorium, and appointed a Resolution Professional. Mr. Shashi Kanth Jain, Director of Hindustan Paper Corporation Ltd., filed an appeal against this order, arguing that the Adjudicating Authority did not provide sufficient opportunity to file a reply. The appellant also claimed that some documents were not proper or fabricated. The Demand Notice under Section 8(1) of the I&B Code was issued, and the corporate debtor did not dispute the amount claimed by the operational creditors. The
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The appeal was filed by Mr. Shashi Kanth Jain, Director of Hindustan Paper Corporation Ltd. (Corporate Debtor), against the order dated 13th June, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench. The Adjudicating Authority admitted the application under Section 9 of the I&B Code preferred by M/s. Alloys & Metals (India), passed an order of moratorium, and appointed a Resolution Professional.
M/s. Alloys & Metals (India) initiated insolvency proceedings against Hindustan Paper Corporation Ltd. (Corporate Debtor) under Section 9 of the I&B Code. The Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, admitted the application, declared a moratorium, and appointed a Resolution Professional. Mr. Shashi Kanth Jain, Director of Hindustan Paper Corporation Ltd., filed an appeal against this order, arguing that the Adjudicating Authority did not provide sufficient opportunity to file a reply. The appellant also claimed that some documents were not proper or fabricated. The Demand Notice under Section 8(1) of the I&B Code was issued, and the corporate debtor did not dispute the amount claimed by the operational creditors. The
…The Adjudicating Authority (National Company…
Mr. Shashi Kanth Jain, Director of Hindustan…