The case involves an appeal against the admission of an application under Section 7 of the Insolvency & Bankruptcy Code, 2016 filed by Punjab National Bank against M/s. Chotanagpur Roadlines Pvt. Ltd. The Appellant sought to settle the matter, leading to an adjournment. The Appellant had not yet approached the Committee of Creditors for settlement, which had already been constituted.
Punjab National Bank filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016 against M/s. Chotanagpur Roadlines Pvt. Ltd., which was admitted. Vinay Kumar Mangalam, the Appellant, appealed against this admission. The Appellant expressed a desire to settle the matter. The Committee of Creditors had already been constituted, but the Appellant had not yet approached them for settlement. Punjab National Bank is the sole creditor with 100% voting share.
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The court adjourned the matter earlier and…
The case involves an appeal against the admission of an application under Section 7 of the Insolvency & Bankruptcy Code, 2016 filed by Punjab National Bank against M/s. Chotanagpur Roadlines Pvt. Ltd. The Appellant sought to settle the matter, leading to an adjournment. The Appellant had not yet approached the Committee of Creditors for settlement, which had already been constituted.
Punjab National Bank filed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016 against M/s. Chotanagpur Roadlines Pvt. Ltd., which was admitted. Vinay Kumar Mangalam, the Appellant, appealed against this admission. The Appellant expressed a desire to settle the matter. The Committee of Creditors had already been constituted, but the Appellant had not yet approached them for settlement. Punjab National Bank is the sole creditor with 100% voting share.
The court adjourned the matter earlier and…