The case involves a Company Petition (CP (IB) / 3 / 7 / AMR / 2024) before the NCLT, Amaravati Bench, initiated by a Financial Creditor under Section 7 of the I&B Code, 2016. The Respondent's pleadings indicated a date of default as 17.08.2023. The Appellant filed IA (IBC) / 418 / 2024, contesting the determination of the date of default. The Respondent objected to this IA by filing a counter affidavit, and a rejoinder was also filed. Subsequently, the Respondent sought an amendment to rectify the date of default. The Tribunal passed an Impugned Order on IA (IBC) / 98 / 2025, which the Appellant challenged.
Vasavai Power Services Pvt. Ltd. (Appellant) is facing proceedings initiated by Canara Bank Ltd. (Respondent) under Section 7 of the I&B Code, 2016. The proceedings were initiated before the NCLT, Amaravati Bench, as Company Petition CP (IB) / 3 / 7 / AMR / 2024. The Respondent's pleadings indicated the date of default as 17.08.2023. The Appellant filed IA (IBC) / 418 / 2024, contesting the modalities adopted for determining the date of default. The Respondent filed a counter affidavit objecting to the IA and subsequently sought an amendment to rectify the date of default. The Tribunal passed an Impugned Order on IA (IBC) / 98 / 2025, permitting the amendment, which the Appellant challenged in the present appeal. The key factual dispute centers around the correct
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The case involves a Company Petition (CP (IB) / 3 / 7 / AMR / 2024) before the NCLT, Amaravati Bench, initiated by a Financial Creditor under Section 7 of the I&B Code, 2016. The Respondent's pleadings indicated a date of default as 17.08.2023. The Appellant filed IA (IBC) / 418 / 2024, contesting the determination of the date of default. The Respondent objected to this IA by filing a counter affidavit, and a rejoinder was also filed. Subsequently, the Respondent sought an amendment to rectify the date of default. The Tribunal passed an Impugned Order on IA (IBC) / 98 / 2025, which the Appellant challenged.
Vasavai Power Services Pvt. Ltd. (Appellant) is facing proceedings initiated by Canara Bank Ltd. (Respondent) under Section 7 of the I&B Code, 2016. The proceedings were initiated before the NCLT, Amaravati Bench, as Company Petition CP (IB) / 3 / 7 / AMR / 2024. The Respondent's pleadings indicated the date of default as 17.08.2023. The Appellant filed IA (IBC) / 418 / 2024, contesting the modalities adopted for determining the date of default. The Respondent filed a counter affidavit objecting to the IA and subsequently sought an amendment to rectify the date of default. The Tribunal passed an Impugned Order on IA (IBC) / 98 / 2025, permitting the amendment, which the Appellant challenged in the present appeal. The key factual dispute centers around the correct
…Company Petition CP (IB)…
The Respondent's…
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