The appeal was filed by T.R. Jawahar, a Shareholder/Director of Frontline Printers Private Limited (Corporate Debtor), against an order dated November 2, 2017, passed by the Adjudicating Authority (National Company Law Tribunal), Chennai. The order admitted an application preferred by the respondent (Edelweiss Asset Reconstruction Company Limited) as a Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiated moratorium, and appointed an Interim Resolution Professional (IRP).
T.R. Jawahar, Shareholder/Director of Frontline Printers Private Limited (Corporate Debtor), filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal), Chennai, which admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Edelweiss Asset Reconstruction Company Limited. The Adjudicating Authority's order also initiated a moratorium and appointed an Interim Resolution Professional (IRP). The appellant argued that the respondent filed the application as a 'Trustee' and not as a 'Financial Creditor'. The respondent's date of incorporation as a financial creditor was shown as 5th October, 2007. The respondent is a company registered under the Companies Act, 1956.
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The Adjudicating Authority (National Company…
T.R. Jawahar, Shareholder/Director of…
The appeal was filed by T.R. Jawahar, a Shareholder/Director of Frontline Printers Private Limited (Corporate Debtor), against an order dated November 2, 2017, passed by the Adjudicating Authority (National Company Law Tribunal), Chennai. The order admitted an application preferred by the respondent (Edelweiss Asset Reconstruction Company Limited) as a Financial Creditor under Section 7 of the Insolvency and Bankruptcy Code, 2016, initiated moratorium, and appointed an Interim Resolution Professional (IRP).
T.R. Jawahar, Shareholder/Director of Frontline Printers Private Limited (Corporate Debtor), filed an appeal against the order of the Adjudicating Authority (National Company Law Tribunal), Chennai, which admitted an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Edelweiss Asset Reconstruction Company Limited. The Adjudicating Authority's order also initiated a moratorium and appointed an Interim Resolution Professional (IRP). The appellant argued that the respondent filed the application as a 'Trustee' and not as a 'Financial Creditor'. The respondent's date of incorporation as a financial creditor was shown as 5th October, 2007. The respondent is a company registered under the Companies Act, 1956.
The Adjudicating Authority (National Company…
T.R. Jawahar, Shareholder/Director of…