This appeal was filed under Section 61 of the Insolvency and Bankruptcy Code, 2016, by the suspended director of ISINOX Pvt. Ltd. (Corporate Debtor) against the order dated 17.03.2023 passed by the National Company Law Tribunal, Mumbai. The NCLT admitted CP (IB) No. 216 of 2022 filed by Somesh A Naik & Ors. (Financial Creditors) under Section 7 of the Code and appointed Manish Kumar R. Patel as Interim Resolution Professional (IRP). The petition under Section 7 was filed by Somesh A Naik & 44 others claiming an amount of Rs. 4,37,14,449/-, with Rs. 2,34,17,965/- being the principal amount.
The suspended director of ISINOX Pvt. Ltd. (Corporate Debtor) filed an appeal against the order dated 17.03.2023 passed by the National Company Law Tribunal, Mumbai. The NCLT admitted CP (IB) No. 216 of 2022 filed by Somesh A Naik & Ors. (Financial Creditors) under Section 7 of the Code. Manish Kumar R. Patel was appointed as Interim Resolution Professional (IRP). The petition under Section 7 was filed by Somesh A Naik & 44 others claiming an amount of Rs. 4,37,14,449/-, with Rs. 2,34,17,965/- being the principal amount. The Corporate Debtor used to purchase goods from Manohar Manak Alloys Pvt. Ltd. (Manohar Alloys). Manohar Alloys sold its unpaid invoices to KredX/Minion Ventures Pvt. Ltd. for quick recovery of funds. The Financial Creditors entered into an
…Sign in to view the parties.
National Company Law Tribunal, Mumbai passed an…
At the time of preliminary hearing in this…
This appeal was filed under Section 61 of the Insolvency and Bankruptcy Code, 2016, by the suspended director of ISINOX Pvt. Ltd. (Corporate Debtor) against the order dated 17.03.2023 passed by the National Company Law Tribunal, Mumbai. The NCLT admitted CP (IB) No. 216 of 2022 filed by Somesh A Naik & Ors. (Financial Creditors) under Section 7 of the Code and appointed Manish Kumar R. Patel as Interim Resolution Professional (IRP). The petition under Section 7 was filed by Somesh A Naik & 44 others claiming an amount of Rs. 4,37,14,449/-, with Rs. 2,34,17,965/- being the principal amount.
The suspended director of ISINOX Pvt. Ltd. (Corporate Debtor) filed an appeal against the order dated 17.03.2023 passed by the National Company Law Tribunal, Mumbai. The NCLT admitted CP (IB) No. 216 of 2022 filed by Somesh A Naik & Ors. (Financial Creditors) under Section 7 of the Code. Manish Kumar R. Patel was appointed as Interim Resolution Professional (IRP). The petition under Section 7 was filed by Somesh A Naik & 44 others claiming an amount of Rs. 4,37,14,449/-, with Rs. 2,34,17,965/- being the principal amount. The Corporate Debtor used to purchase goods from Manohar Manak Alloys Pvt. Ltd. (Manohar Alloys). Manohar Alloys sold its unpaid invoices to KredX/Minion Ventures Pvt. Ltd. for quick recovery of funds. The Financial Creditors entered into an
…National Company Law Tribunal, Mumbai passed an…
At the time of preliminary hearing in this…