The case involves an appeal against an order passed by the NCLT, Chennai, in IA(IBC)/2452/CHE/2024, which was preferred in CP/481/IB/CB/2020. The appellant sought clarification of an earlier order dated 02.09.2024, but the application was rejected. The appeal is filed under Section 61 of the I&B Code, 2016. The core issue revolves around whether the sale should be of the 'Corporate Debtor as a going concern' or the 'Business of the Corporate Debtor as a going concern'.
M/s. Sri Vethaa Dairy Private Limited, represented by its Managing Director Mr. N. Ramesh, filed an appeal against an order passed by the NCLT, Chennai. The appeal was filed under Section 61 of the I&B Code, 2016. The appellant was a successful auction purchaser. The impugned order was passed in IA(IBC)/2452/CHE/2024, which was preferred in CP/481/IB/CB/2020. The appellant sought clarification of an earlier order of the Ld. Tribunal, dated 02.09.2024, which was rejected. The core issue was whether the sale should be of the 'Corporate Debtor as a going concern' or the 'Business of the Corporate Debtor as a going concern'. The 10th Stakeholders Consultation Committee (SCC) allegedly resolved to change the nature of the sale on 18.03.2023, but the Appellant claimed it
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The 10th SCC meeting was allegedly held,…
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The case involves an appeal against an order passed by the NCLT, Chennai, in IA(IBC)/2452/CHE/2024, which was preferred in CP/481/IB/CB/2020. The appellant sought clarification of an earlier order dated 02.09.2024, but the application was rejected. The appeal is filed under Section 61 of the I&B Code, 2016. The core issue revolves around whether the sale should be of the 'Corporate Debtor as a going concern' or the 'Business of the Corporate Debtor as a going concern'.
M/s. Sri Vethaa Dairy Private Limited, represented by its Managing Director Mr. N. Ramesh, filed an appeal against an order passed by the NCLT, Chennai. The appeal was filed under Section 61 of the I&B Code, 2016. The appellant was a successful auction purchaser. The impugned order was passed in IA(IBC)/2452/CHE/2024, which was preferred in CP/481/IB/CB/2020. The appellant sought clarification of an earlier order of the Ld. Tribunal, dated 02.09.2024, which was rejected. The core issue was whether the sale should be of the 'Corporate Debtor as a going concern' or the 'Business of the Corporate Debtor as a going concern'. The 10th Stakeholders Consultation Committee (SCC) allegedly resolved to change the nature of the sale on 18.03.2023, but the Appellant claimed it
…The 10th SCC meeting was allegedly held,…
The Appellant sent a request letter to the…