The case involves an appeal against the admission of a Section 7 application under the Insolvency and Bankruptcy Code, 2016 by the Adjudicating Authority. The appellant, a member of the suspended board of directors of Supreme Vasai Bhiwandi Tollways Pvt. Ltd. (Corporate Debtor), filed a writ petition before the Punjab and Haryana High Court challenging the Adjudicating Authority's order. The High Court initially entertained the writ petition but later disposed of it, granting the appellant liberty to avail the statutory remedy of appeal before the Appellate Tribunal. The appellant then filed an appeal before the NCLAT along with an application for condonation of delay.
Supreme Vasai Bhiwandi Tollways Pvt. Ltd. is the corporate debtor. An application under Section 7 of the Insolvency and Bankruptcy Code, 2016 was filed against the corporate debtor. The Adjudicating Authority admitted the Section 7 application on December 22, 2022. The Appellant filed a Writ Petition No. CWP-30348-2022 before the High Court of Punjab and Haryana against the order. The High Court disposed of the Writ Petition on May 1, 2023, granting liberty to the Appellant to avail the statutory remedy of appeal before the Appellate Tribunal. The Appellant filed the appeal before the NCLAT on May 19, 2023, along with an application for condonation of delay. The delay condonation application sought exclusion of the period from December 26, 2022, to May 1, 2023, during
…Sign in to view the parties.
The Adjudicating Authority admitted the…
The Appellant filed Writ Petition No.…
The case involves an appeal against the admission of a Section 7 application under the Insolvency and Bankruptcy Code, 2016 by the Adjudicating Authority. The appellant, a member of the suspended board of directors of Supreme Vasai Bhiwandi Tollways Pvt. Ltd. (Corporate Debtor), filed a writ petition before the Punjab and Haryana High Court challenging the Adjudicating Authority's order. The High Court initially entertained the writ petition but later disposed of it, granting the appellant liberty to avail the statutory remedy of appeal before the Appellate Tribunal. The appellant then filed an appeal before the NCLAT along with an application for condonation of delay.
Supreme Vasai Bhiwandi Tollways Pvt. Ltd. is the corporate debtor. An application under Section 7 of the Insolvency and Bankruptcy Code, 2016 was filed against the corporate debtor. The Adjudicating Authority admitted the Section 7 application on December 22, 2022. The Appellant filed a Writ Petition No. CWP-30348-2022 before the High Court of Punjab and Haryana against the order. The High Court disposed of the Writ Petition on May 1, 2023, granting liberty to the Appellant to avail the statutory remedy of appeal before the Appellate Tribunal. The Appellant filed the appeal before the NCLAT on May 19, 2023, along with an application for condonation of delay. The delay condonation application sought exclusion of the period from December 26, 2022, to May 1, 2023, during
…The Adjudicating Authority admitted the…
The Appellant filed Writ Petition No.…