Uberlux Concepts LLP filed an appeal against an order dated June 14, 2018, passed by the Adjudicating Authority (National Company Law Tribunal) New Delhi. The Adjudicating Authority had rejected an application preferred by the appellant under Section 10 of the I&B Code due to non-furnishing of the relevant record of the ‘default'. The appellant sought liberty to file a fresh application under Section 10 of the I&B Code.
Uberlux Concepts LLP filed an appeal against an order by the National Company Law Tribunal (NCLT) New Delhi, which rejected their application under Section 10 of the Insolvency and Bankruptcy Code (I&B Code). The NCLT rejected the application because Uberlux Concepts LLP failed to provide the relevant record of the 'default'. Uberlux Concepts LLP sought permission to file a fresh application under Section 10 of the I&B Code, including the record of 'default' and the 'debt' payable to financial or operational creditors. The appellate tribunal condoned a delay of ten days in preferring the appeal. The appellate tribunal also found no reason for imposing costs, setting aside the portion of the NCLT's order that imposed costs of Rs. 25,000/-.
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Uberlux Concepts LLP filed an appeal against an order dated June 14, 2018, passed by the Adjudicating Authority (National Company Law Tribunal) New Delhi. The Adjudicating Authority had rejected an application preferred by the appellant under Section 10 of the I&B Code due to non-furnishing of the relevant record of the ‘default'. The appellant sought liberty to file a fresh application under Section 10 of the I&B Code.
Uberlux Concepts LLP filed an appeal against an order by the National Company Law Tribunal (NCLT) New Delhi, which rejected their application under Section 10 of the Insolvency and Bankruptcy Code (I&B Code). The NCLT rejected the application because Uberlux Concepts LLP failed to provide the relevant record of the 'default'. Uberlux Concepts LLP sought permission to file a fresh application under Section 10 of the I&B Code, including the record of 'default' and the 'debt' payable to financial or operational creditors. The appellate tribunal condoned a delay of ten days in preferring the appeal. The appellate tribunal also found no reason for imposing costs, setting aside the portion of the NCLT's order that imposed costs of Rs. 25,000/-.
The Adjudicating Authority (National Company…
The Appellate Tribunal condoned the delay in…
Sign in to view related legal provisions.