The appeal was preferred by Shree Ganesh Jewellery House (I) Ltd. (‘Corporate Debtor’) against the order dated 12th February, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata, whereby the application preferred by the Respondents- Abhishek Stock Broking Services Pvt. Ltd. and 3 Others (‘Financial Creditors’) under section 7 of the Insolvency and Bankruptcy Code, 2016 has been admitted, order of ‘Moratorium’ has been passed and ‘Interim Resolution Professional’ has been appointed with certain directions.
Shree Ganesh Jewellery House (I) Ltd. filed an appeal against an order passed by the Adjudicating Authority (NCLT, Kolkata Bench) on February 12, 2018. The order admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Abhishek Stock Broking Services Pvt. Ltd. and 3 Others (Financial Creditors). The Adjudicating Authority also passed an order of ‘Moratorium’ and appointed an ‘Interim Resolution Professional’. The appellant's counsel sought time to substitute the appellant with Mr. Abhishek Kumar, Director of the ‘Corporate Debtor’, but failed to file the application. The court noted that the appeal was filed by the Corporate Debtor through its suspended Board of Directors.
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The Adjudicating Authority (National Company…
Time was granted to the learned counsel for the…
The appeal was preferred by Shree Ganesh Jewellery House (I) Ltd. (‘Corporate Debtor’) against the order dated 12th February, 2018 passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata, whereby the application preferred by the Respondents- Abhishek Stock Broking Services Pvt. Ltd. and 3 Others (‘Financial Creditors’) under section 7 of the Insolvency and Bankruptcy Code, 2016 has been admitted, order of ‘Moratorium’ has been passed and ‘Interim Resolution Professional’ has been appointed with certain directions.
Shree Ganesh Jewellery House (I) Ltd. filed an appeal against an order passed by the Adjudicating Authority (NCLT, Kolkata Bench) on February 12, 2018. The order admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Abhishek Stock Broking Services Pvt. Ltd. and 3 Others (Financial Creditors). The Adjudicating Authority also passed an order of ‘Moratorium’ and appointed an ‘Interim Resolution Professional’. The appellant's counsel sought time to substitute the appellant with Mr. Abhishek Kumar, Director of the ‘Corporate Debtor’, but failed to file the application. The court noted that the appeal was filed by the Corporate Debtor through its suspended Board of Directors.
The Adjudicating Authority (National Company…
Time was granted to the learned counsel for the…