This appeal was filed by Swasti Bhowmick against the rejection of her application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) by the Adjudicating Authority (National Company Law Tribunal) Mumbai Bench. The original application sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Rediff.com India Ltd. The Adjudicating Authority had found that there was an existence of a dispute, which led to the rejection of the Section 9 application. The appellant subsequently brought the matter before the National Company Law Appellate Tribunal (NCLAT) to challenge this decision.
The appellant, Swasti Bhowmick, filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal) Mumbai Bench, which had rejected her application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC). The original application sought to initiate corporate insolvency resolution proceedings against Rediff.com India Ltd., the respondent.
The Adjudicating Authority had rejected the Section 9 application after finding that there was an existing dispute between the parties. This finding was crucial as the presence of a pre-existing dispute is a ground for rejecting an application to initiate the Corporate Insolvency Resolution Process (CIRP) by an operational creditor.
…The date on which the National Company Law…
The Adjudicating Authority (NCLT Mumbai Bench)…
This appeal was filed by Swasti Bhowmick against the rejection of her application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) by the Adjudicating Authority (National Company Law Tribunal) Mumbai Bench. The original application sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Rediff.com India Ltd. The Adjudicating Authority had found that there was an existence of a dispute, which led to the rejection of the Section 9 application. The appellant subsequently brought the matter before the National Company Law Appellate Tribunal (NCLAT) to challenge this decision.
The appellant, Swasti Bhowmick, filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal) Mumbai Bench, which had rejected her application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC). The original application sought to initiate corporate insolvency resolution proceedings against Rediff.com India Ltd., the respondent.
The Adjudicating Authority had rejected the Section 9 application after finding that there was an existing dispute between the parties. This finding was crucial as the presence of a pre-existing dispute is a ground for rejecting an application to initiate the Corporate Insolvency Resolution Process (CIRP) by an operational creditor.
…The date on which the National Company Law…
The Adjudicating Authority (NCLT Mumbai Bench)…