The case involves an appeal against the order of the Adjudicating Authority (National Company Law Tribunal, New Delhi Bench) which admitted a Section 7 application under the Insolvency and Bankruptcy Code, 2016, initiating CIRP against West Star Constructions Pvt. Ltd. The appellant is the Suspended Director of the Corporate Debtor.
The Appellant is the Suspended Director of Corporate Debtor (West Star Constructions Pvt. Ltd.).
Respondent No.1-Kaliber approached the Corporate Debtor for consultancy services in relation to a commercial real estate project in October 2010.
Respondent No.1-Kaliber agreed to pay ₹1,00,00,000/- as a deposit to facilitate market research and analysis.
The Corporate Debtor (West Star) received ₹1,00,00,000/- from Respondent No.1-Kaliber on 20.11.2010.
The Corporate Debtor (West Star) raised a proforma invoice dated 15.12.2012 for ₹1,20,00,000/-.
Respondent No.1-Kaliber filed an application under Section 7 before the Adjudicating Authority, registered as C.P. (IB) No. 41/ND/2024.
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Order dated 14.02.2025, passed by the…
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The case involves an appeal against the order of the Adjudicating Authority (National Company Law Tribunal, New Delhi Bench) which admitted a Section 7 application under the Insolvency and Bankruptcy Code, 2016, initiating CIRP against West Star Constructions Pvt. Ltd. The appellant is the Suspended Director of the Corporate Debtor.
The Appellant is the Suspended Director of Corporate Debtor (West Star Constructions Pvt. Ltd.).
Respondent No.1-Kaliber approached the Corporate Debtor for consultancy services in relation to a commercial real estate project in October 2010.
Respondent No.1-Kaliber agreed to pay ₹1,00,00,000/- as a deposit to facilitate market research and analysis.
The Corporate Debtor (West Star) received ₹1,00,00,000/- from Respondent No.1-Kaliber on 20.11.2010.
The Corporate Debtor (West Star) raised a proforma invoice dated 15.12.2012 for ₹1,20,00,000/-.
Respondent No.1-Kaliber filed an application under Section 7 before the Adjudicating Authority, registered as C.P. (IB) No. 41/ND/2024.
…Order dated 14.02.2025, passed by the…
Judgement date…