This is a Company Appeal (AT) (Insol.) No. 80 of 2017 arising out of an order dated June 9, 2017, passed by the Adjudicating Authority (National Company Law Tribunal), Chennai Bench, Chennai in Company Petition No. 484 (IB)/CB/2017. The appeal was filed by Smartcity (Kochi) Infrastructure Pvt. Ltd. (‘Corporate Debtor’) challenging the order by which the Adjudicating Authority entertained an application under section 9 of the Insolvency and Bankruptcy Code, 2016 (“I&B Code”) preferred by Synergy Property Development Services Pvt. Ltd. (‘Operational Creditor’). The Adjudicating Authority admitted the application, appointed the Interim Resolution Professional, and ordered a moratorium.
Smartcity (Kochi) Infrastructure Pvt. Ltd. is the 'Corporate Debtor'. Synergy Property Development Services Pvt. Ltd. is the 'Operational Creditor'. The Adjudicating Authority (National Company Law Tribunal), Chennai Bench, admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Operational Creditor against the Corporate Debtor. The Corporate Debtor challenged this order. The notice under Section 8 of the I&B Code was issued by a Law Firm called 'JUSTLAW' on behalf of the Operational Creditor, not directly by the Operational Creditor. The Corporate Debtor contended that this was not in accordance with the law. The Corporate Debtor also claimed that there was a pre-existing dispute, as evidenced by a letter dated November
…Sign in to view the parties.
SmartCity (Kochi) Infrastructure Pvt. Ltd.…
Another notice was issued in terms of Rule 5 of…
This is a Company Appeal (AT) (Insol.) No. 80 of 2017 arising out of an order dated June 9, 2017, passed by the Adjudicating Authority (National Company Law Tribunal), Chennai Bench, Chennai in Company Petition No. 484 (IB)/CB/2017. The appeal was filed by Smartcity (Kochi) Infrastructure Pvt. Ltd. (‘Corporate Debtor’) challenging the order by which the Adjudicating Authority entertained an application under section 9 of the Insolvency and Bankruptcy Code, 2016 (“I&B Code”) preferred by Synergy Property Development Services Pvt. Ltd. (‘Operational Creditor’). The Adjudicating Authority admitted the application, appointed the Interim Resolution Professional, and ordered a moratorium.
Smartcity (Kochi) Infrastructure Pvt. Ltd. is the 'Corporate Debtor'. Synergy Property Development Services Pvt. Ltd. is the 'Operational Creditor'. The Adjudicating Authority (National Company Law Tribunal), Chennai Bench, admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Operational Creditor against the Corporate Debtor. The Corporate Debtor challenged this order. The notice under Section 8 of the I&B Code was issued by a Law Firm called 'JUSTLAW' on behalf of the Operational Creditor, not directly by the Operational Creditor. The Corporate Debtor contended that this was not in accordance with the law. The Corporate Debtor also claimed that there was a pre-existing dispute, as evidenced by a letter dated November
…SmartCity (Kochi) Infrastructure Pvt. Ltd.…
Another notice was issued in terms of Rule 5 of…