The appeal was filed by the Directors/Shareholders of Crown Realtech Private Limited ('Corporate Debtor') against the order dated December 3, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi. The Adjudicating Authority admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016 filed by Mr. Puneet Kumar Jindal (HUF) through Karta Mr. Puneet Jindal ('Financial Creditor'), passed an order of 'Moratorium', and appointed an 'Interim Resolution Professional'.
The Directors/Shareholders of Crown Realtech Private Limited ('Corporate Debtor') filed an appeal against the order of the Adjudicating Authority (NCLT) which admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 filed by Mr. Puneet Kumar Jindal ('Financial Creditor'). The Adjudicating Authority had also passed an order of 'Moratorium' and appointed an 'Interim Resolution Professional'. The parties reached a provisional settlement on December 5, 2018, after the hearing but before the impugned order dated December 3, 2018. A sum of Rs. 7 lakh was paid on November 14, 2018, prior to the impugned order. The formal settlement was reached on December 5, 2018, before the constitution of the 'Committee of Creditors'. The 'Committee of Creditors'
…Sign in to view the parties.
A sum of Rs. 7 lakh was…
The Adjudicating…
The appeal was filed by the Directors/Shareholders of Crown Realtech Private Limited ('Corporate Debtor') against the order dated December 3, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), Principal Bench, New Delhi. The Adjudicating Authority admitted the application under Section 7 of the Insolvency and Bankruptcy Code, 2016 filed by Mr. Puneet Kumar Jindal (HUF) through Karta Mr. Puneet Jindal ('Financial Creditor'), passed an order of 'Moratorium', and appointed an 'Interim Resolution Professional'.
The Directors/Shareholders of Crown Realtech Private Limited ('Corporate Debtor') filed an appeal against the order of the Adjudicating Authority (NCLT) which admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 filed by Mr. Puneet Kumar Jindal ('Financial Creditor'). The Adjudicating Authority had also passed an order of 'Moratorium' and appointed an 'Interim Resolution Professional'. The parties reached a provisional settlement on December 5, 2018, after the hearing but before the impugned order dated December 3, 2018. A sum of Rs. 7 lakh was paid on November 14, 2018, prior to the impugned order. The formal settlement was reached on December 5, 2018, before the constitution of the 'Committee of Creditors'. The 'Committee of Creditors'
…A sum of Rs. 7 lakh was…
The Adjudicating…