The appeal arises from an order dated 22.10.2019 passed by the Adjudicating Authority (National Company Law Tribunal) Mumbai Bench, Mumbai in C.P.(IB) No. 1118/MB/2019. The order pertains to the admission of an application under Section 7 of the Insolvency and Bankruptcy Code (I&B Code), 2016.
Vimal Mafatlal Patel, the appellant, filed an appeal against an order dated 22.10.2019 passed by the Adjudicating Authority (National Company Law Tribunal) Mumbai Bench, Mumbai, concerning the admission of an application under Section 7 of the I&B Code. The appellant's primary grievance was that after the impugned order, the Bank of India, the respondent, continued to take actions under the SARFAESI Act, 2002, despite the directions given in the impugned order and the provisions of Section 14 of the I&B Code. The appellant decided to withdraw the appeal and approach the Adjudicating Authority for relief.
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Order passed by the Adjudicating Authority…
Learned Counsel for Appellant states that the…
The appeal arises from an order dated 22.10.2019 passed by the Adjudicating Authority (National Company Law Tribunal) Mumbai Bench, Mumbai in C.P.(IB) No. 1118/MB/2019. The order pertains to the admission of an application under Section 7 of the Insolvency and Bankruptcy Code (I&B Code), 2016.
Vimal Mafatlal Patel, the appellant, filed an appeal against an order dated 22.10.2019 passed by the Adjudicating Authority (National Company Law Tribunal) Mumbai Bench, Mumbai, concerning the admission of an application under Section 7 of the I&B Code. The appellant's primary grievance was that after the impugned order, the Bank of India, the respondent, continued to take actions under the SARFAESI Act, 2002, despite the directions given in the impugned order and the provisions of Section 14 of the I&B Code. The appellant decided to withdraw the appeal and approach the Adjudicating Authority for relief.
Order passed by the Adjudicating Authority…
Learned Counsel for Appellant states that the…