SREI Infrastructure Finance Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Amrit Jal Ventures Pvt. Ltd. (Corporate Debtor). The Adjudicating Authority (National Company Law Tribunal), Hyderabad Bench, Hyderabad dismissed the application by order dated 24th October, 2018. Consequently, SREI Infrastructure Finance Ltd. preferred the present appeal. Notice was issued to the Corporate Debtor.
SREI Infrastructure Finance Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Amrit Jal Ventures Pvt. Ltd., the Corporate Debtor. The Adjudicating Authority (National Company Law Tribunal), Hyderabad Bench, Hyderabad, dismissed this application on October 24, 2018. Subsequently, SREI Infrastructure Finance Ltd. appealed the dismissal. During the appeal, it was brought to the court's attention that Sew Infrastructure Pvt. Ltd. had also filed an application under Section 7 of the I&B Code against Amrit Jal Ventures Pvt. Ltd., which led to the initiation of the Corporate Insolvency Resolution Process (CIRP) by the Adjudicating Authority on May 7, 2019. The Corporate Debtor's counsel informed the court about the ongoing CIRP
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The Adjudicating Authority (National Company…
The Adjudicating Authority initiated…
SREI Infrastructure Finance Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Amrit Jal Ventures Pvt. Ltd. (Corporate Debtor). The Adjudicating Authority (National Company Law Tribunal), Hyderabad Bench, Hyderabad dismissed the application by order dated 24th October, 2018. Consequently, SREI Infrastructure Finance Ltd. preferred the present appeal. Notice was issued to the Corporate Debtor.
SREI Infrastructure Finance Ltd. filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against Amrit Jal Ventures Pvt. Ltd., the Corporate Debtor. The Adjudicating Authority (National Company Law Tribunal), Hyderabad Bench, Hyderabad, dismissed this application on October 24, 2018. Subsequently, SREI Infrastructure Finance Ltd. appealed the dismissal. During the appeal, it was brought to the court's attention that Sew Infrastructure Pvt. Ltd. had also filed an application under Section 7 of the I&B Code against Amrit Jal Ventures Pvt. Ltd., which led to the initiation of the Corporate Insolvency Resolution Process (CIRP) by the Adjudicating Authority on May 7, 2019. The Corporate Debtor's counsel informed the court about the ongoing CIRP
…The Adjudicating Authority (National Company…
The Adjudicating Authority initiated…