Vishal Gupta, Director of M/s Shri Balaji Infra Developers Pvt. Ltd., filed an appeal against the order dated 27th May, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Bench-II, which admitted an application filed by M/s Suntech Infra Solutions Pvt. Ltd. (‘Operational Creditor’) under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. Shri Balaji Infradevelopers Pvt. Ltd. (‘Corporate Debtor’).
M/s Suntech Infra Solutions Pvt. Ltd. (‘Operational Creditor’) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. Shri Balaji Infradevelopers Pvt. Ltd. (‘Corporate Debtor’). The Adjudicating Authority admitted the application via an order dated 27th May, 2019. Vishal Gupta, Director of M/s Shri Balaji Infra Developers Pvt. Ltd., filed an appeal against this order. During the appeal proceedings, the Appellant submitted that they wanted to settle the dispute and had prepared a draft for Rs.33 lakhs payable to the ‘Operational Creditor’. A copy of the settlement dated 7th June, 2019, was placed on record, showing that Rs.33 lakhs had been handed over to the Respondent – M/s Suntech Infra Solutions Pvt. Ltd. The Interim Resolution
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Adjudicating Authority (National Company Law…
Appellant submitted that they want to settle…
Vishal Gupta, Director of M/s Shri Balaji Infra Developers Pvt. Ltd., filed an appeal against the order dated 27th May, 2019, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi, Bench-II, which admitted an application filed by M/s Suntech Infra Solutions Pvt. Ltd. (‘Operational Creditor’) under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. Shri Balaji Infradevelopers Pvt. Ltd. (‘Corporate Debtor’).
M/s Suntech Infra Solutions Pvt. Ltd. (‘Operational Creditor’) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. Shri Balaji Infradevelopers Pvt. Ltd. (‘Corporate Debtor’). The Adjudicating Authority admitted the application via an order dated 27th May, 2019. Vishal Gupta, Director of M/s Shri Balaji Infra Developers Pvt. Ltd., filed an appeal against this order. During the appeal proceedings, the Appellant submitted that they wanted to settle the dispute and had prepared a draft for Rs.33 lakhs payable to the ‘Operational Creditor’. A copy of the settlement dated 7th June, 2019, was placed on record, showing that Rs.33 lakhs had been handed over to the Respondent – M/s Suntech Infra Solutions Pvt. Ltd. The Interim Resolution
…Adjudicating Authority (National Company Law…
Appellant submitted that they want to settle…