Mr. Sunil Ghorawat, Director of M/s. Earth Water Limited (Corporate Debtor), filed an appeal against the order dated January 15, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi. The Adjudicating Authority had admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, preferred by the Respondent, M/s. Arvind Envisol Limited, and had passed an order of moratorium and appointed an Interim Resolution Professional. The Appellant contended that the order was passed ex parte without notice. The parties informed the court that they had reached a settlement.
Mr. Sunil Ghorawat, the Director of M/s. Earth Water Limited (the 'Corporate Debtor'), appealed against an order passed by the Adjudicating Authority (National Company Law Tribunal) on January 15, 2019. This order admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M/s. Arvind Envisol Limited (the 'Respondent'). The Adjudicating Authority also imposed a moratorium and appointed an Interim Resolution Professional. The appellant argued that the order was passed ex parte without notice. During the appeal proceedings, both parties informed the court that they had reached a settlement. The Committee of Creditors had not yet been formed. The Resolution Professional had incurred costs of Rs. 35,000/- and was entitled to a fee of Rs.
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The Adjudicating Authority (National Company…
Two drafts for Rs. 52,23,500/- and Rs.…
Mr. Sunil Ghorawat, Director of M/s. Earth Water Limited (Corporate Debtor), filed an appeal against the order dated January 15, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi. The Adjudicating Authority had admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, preferred by the Respondent, M/s. Arvind Envisol Limited, and had passed an order of moratorium and appointed an Interim Resolution Professional. The Appellant contended that the order was passed ex parte without notice. The parties informed the court that they had reached a settlement.
Mr. Sunil Ghorawat, the Director of M/s. Earth Water Limited (the 'Corporate Debtor'), appealed against an order passed by the Adjudicating Authority (National Company Law Tribunal) on January 15, 2019. This order admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M/s. Arvind Envisol Limited (the 'Respondent'). The Adjudicating Authority also imposed a moratorium and appointed an Interim Resolution Professional. The appellant argued that the order was passed ex parte without notice. During the appeal proceedings, both parties informed the court that they had reached a settlement. The Committee of Creditors had not yet been formed. The Resolution Professional had incurred costs of Rs. 35,000/- and was entitled to a fee of Rs.
…The Adjudicating Authority (National Company…
Two drafts for Rs. 52,23,500/- and Rs.…