The appeal was filed against the order dated 19.12.2024 passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata, which rejected the Section 7 application filed by the Appellant.
The Appellant Bank claimed to have disbursed Rs.46.16 Crores to the Corporate Debtor in 2013.
The Corporate Debtor defaulted on 19.09.2015.
The Appellant filed a Section 7 application on 10.12.2019.
The Adjudicating Authority dismissed the application on the grounds of lack of proof of disbursement and limitation.
The Appellant argued that the NeSL certificate and bank statements proved disbursement.
The Appellant also argued that amounts were received in the account of the Corporate Debtor in 2015-16.
The Appellant claimed benefit under Section 14 of the Limitation Act due to pending OA under Section 19 of the Recovery of Debt and Bankruptcy Act, 1993.
Sign in to view the parties.
Appellant Bank claimed…
The Corporate…
The appeal was filed against the order dated 19.12.2024 passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata, which rejected the Section 7 application filed by the Appellant.
The Appellant Bank claimed to have disbursed Rs.46.16 Crores to the Corporate Debtor in 2013.
The Corporate Debtor defaulted on 19.09.2015.
The Appellant filed a Section 7 application on 10.12.2019.
The Adjudicating Authority dismissed the application on the grounds of lack of proof of disbursement and limitation.
The Appellant argued that the NeSL certificate and bank statements proved disbursement.
The Appellant also argued that amounts were received in the account of the Corporate Debtor in 2015-16.
The Appellant claimed benefit under Section 14 of the Limitation Act due to pending OA under Section 19 of the Recovery of Debt and Bankruptcy Act, 1993.
Appellant Bank claimed…
The Corporate…