The case involves an appeal against the Adjudicating Authority's decision regarding an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The appellant initially doubted the application was within the limitation period. The Committee of Creditors (COC) was already constituted. The appellant sought to withdraw the appeal.
Vinod Kumar Jain filed an appeal against Siddha Domicile Company Pvt. Ltd. & Ors. regarding an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. Initially, the appellant's counsel doubted that the application was within the limitation period. However, the counsel later accepted the existence of a letter from the Corporate Debtor acknowledging the debt. The appellant also raised concerns about the RP's collation of claims. The Committee of Creditors (COC) was already constituted. The appellant sought to withdraw the appeal, which the court permitted. The Corporate Debtor acknowledged an unsecured loan payable to the Financial Creditor No.1 - Siddha Domicile Company Pvt. Ltd. of Rs.18,50,560/- via a letter dated 20th April, 2015. The Section 7
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The Corporate Debtor acknowledged the…
The Secti…
The case involves an appeal against the Adjudicating Authority's decision regarding an application filed under Section 7 of the Insolvency and Bankruptcy Code, 2016. The appellant initially doubted the application was within the limitation period. The Committee of Creditors (COC) was already constituted. The appellant sought to withdraw the appeal.
Vinod Kumar Jain filed an appeal against Siddha Domicile Company Pvt. Ltd. & Ors. regarding an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. Initially, the appellant's counsel doubted that the application was within the limitation period. However, the counsel later accepted the existence of a letter from the Corporate Debtor acknowledging the debt. The appellant also raised concerns about the RP's collation of claims. The Committee of Creditors (COC) was already constituted. The appellant sought to withdraw the appeal, which the court permitted. The Corporate Debtor acknowledged an unsecured loan payable to the Financial Creditor No.1 - Siddha Domicile Company Pvt. Ltd. of Rs.18,50,560/- via a letter dated 20th April, 2015. The Section 7
…The Corporate Debtor acknowledged the…
The Secti…