The present appeal arises from an order dated April 5, 2019, passed by the Adjudicating Authority (NCLT, Kolkata Bench), which admitted an application filed by Mr. Suresh Narayan Singh, the appellant, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). This admission initiated the Corporate Insolvency Resolution Process (CIRP) against Tayo Rolls Limited, the Corporate Debtor. The appellant, representing 284 workers of Tayo Rolls Limited, is challenging this very order of admission, despite having been the party who successfully sought the admission of the Section 9 application in previous proceedings.
Mr. Suresh Narayan Singh, as the Authorized Representative of 284 workers of Tayo Rolls Limited (the 'Corporate Debtor'), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) before the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench. This application sought the initiation of the Corporate Insolvency Resolution Process (CIRP) against Tayo Rolls Limited.
…Adjudicating Authority rejected the Section…
Adjudicating Authority rejected Mr. Suresh…
The present appeal arises from an order dated April 5, 2019, passed by the Adjudicating Authority (NCLT, Kolkata Bench), which admitted an application filed by Mr. Suresh Narayan Singh, the appellant, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC). This admission initiated the Corporate Insolvency Resolution Process (CIRP) against Tayo Rolls Limited, the Corporate Debtor. The appellant, representing 284 workers of Tayo Rolls Limited, is challenging this very order of admission, despite having been the party who successfully sought the admission of the Section 9 application in previous proceedings.
Mr. Suresh Narayan Singh, as the Authorized Representative of 284 workers of Tayo Rolls Limited (the 'Corporate Debtor'), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) before the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench. This application sought the initiation of the Corporate Insolvency Resolution Process (CIRP) against Tayo Rolls Limited.
…Adjudicating Authority rejected the Section…
Adjudicating Authority rejected Mr. Suresh…