The appeal challenges an order from the Adjudicating Authority that dismissed an application seeking various declarations regarding land ownership, financial creditor status, and the authority of certain individuals to represent the ALT Society, among other reliefs.
The appellants, Somnath Barik & Ors., filed an appeal challenging an order dated July 30, 2024, passed by the Adjudicating Authority in I.A. No. 4907(ND)/2021 in CP No. IB 901(ND)/2020. This application sought several declarations, including that the land owned by the ALT Society could not be part of insolvency proceedings, that the ALT Society was not a financial creditor under Section 5(8) of the Code, and that certain individuals were not authorized to represent the society. An application for condonation of a 12-day delay in filing the appeal (I.A. No. 7957/2024) was filed, citing that the free copy of the order was made available on August 5, 2024, and time was consumed in arranging documents. The NCLAT found the cause shown sufficient and condoned the
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The appeal challenges an order from the Adjudicating Authority that dismissed an application seeking various declarations regarding land ownership, financial creditor status, and the authority of certain individuals to represent the ALT Society, among other reliefs.
The appellants, Somnath Barik & Ors., filed an appeal challenging an order dated July 30, 2024, passed by the Adjudicating Authority in I.A. No. 4907(ND)/2021 in CP No. IB 901(ND)/2020. This application sought several declarations, including that the land owned by the ALT Society could not be part of insolvency proceedings, that the ALT Society was not a financial creditor under Section 5(8) of the Code, and that certain individuals were not authorized to represent the society. An application for condonation of a 12-day delay in filing the appeal (I.A. No. 7957/2024) was filed, citing that the free copy of the order was made available on August 5, 2024, and time was consumed in arranging documents. The NCLAT found the cause shown sufficient and condoned the
…The Adjudicating Authority passed the impugned…
The free copy of the…