The case involves an appeal against an order where the appellant, Wianxx Impex Pvt. Ltd., was prohibited from filing objections in a Corporate Insolvency Resolution Process initiated by the respondent, Srei Equipment Finance Ltd., under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority (National Company Law Tribunal) had issued a notice to the appellant, but the case was not admitted by the impugned order dated 30th July, 2018. The Adjudicating Authority had directed the filing of an additional affidavit and certificate admissible under evidence.
Srei Equipment Finance Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process against Wianxx Impex Pvt. Ltd. The Adjudicating Authority (National Company Law Tribunal) issued a notice to Wianxx Impex Pvt. Ltd. However, the case was not admitted by the impugned order dated 30th July, 2018. The impugned order prohibited Wianxx Impex Pvt. Ltd. from filing any objection. The Adjudicating Authority had directed the filing of an additional affidavit and certificate admissible under evidence, as per an order dated 11.07.2018. The appellant argued that prohibiting objections violated the principle of natural justice. The respondent argued that an affidavit of compliance was requested to
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The case involves an appeal against an order where the appellant, Wianxx Impex Pvt. Ltd., was prohibited from filing objections in a Corporate Insolvency Resolution Process initiated by the respondent, Srei Equipment Finance Ltd., under Section 7 of the Insolvency and Bankruptcy Code, 2016. The Adjudicating Authority (National Company Law Tribunal) had issued a notice to the appellant, but the case was not admitted by the impugned order dated 30th July, 2018. The Adjudicating Authority had directed the filing of an additional affidavit and certificate admissible under evidence.
Srei Equipment Finance Limited filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process against Wianxx Impex Pvt. Ltd. The Adjudicating Authority (National Company Law Tribunal) issued a notice to Wianxx Impex Pvt. Ltd. However, the case was not admitted by the impugned order dated 30th July, 2018. The impugned order prohibited Wianxx Impex Pvt. Ltd. from filing any objection. The Adjudicating Authority had directed the filing of an additional affidavit and certificate admissible under evidence, as per an order dated 11.07.2018. The appellant argued that prohibiting objections violated the principle of natural justice. The respondent argued that an affidavit of compliance was requested to
…The Adjudicating Authority passed an impugned…
The Adjudicating Authority ordered the filing…