The appeal was filed by the Corporate Debtor challenging the order dated 28.11.2022 passed by the National Company Law Tribunal, Ahmedabad, Division Bench, Court-1, which rejected IA No.422/2022 filed by the RP seeking to quash the invitation of Expression of Interest (Eol) dated 25.04.2022 issued by Respondent No.1, the Financial Creditor.
The Corporate Debtor is the holding company of Respondent No.2.
Respondent No.2 is Wind World (India) Infrastructure Private Limited.
The Corporate Debtor proposed to construct and operate a power switchyard for pooling power generated by Enercon India Limited (EIL).
A Facility Agreement was entered into on 28.12.2007 between the Corporate Debtor and Respondent No.2.
Respondent No.2 entered into a Loan Agreement with Respondent No.1, and Respondent No.1 sanctioned a loan of Rs.90 Crores.
CIRP was initiated against the Corporate Debtor on 20.02.2018.
Respondent No.2's account was declared NPA on 31.03.2018.
Respondent No.1 issued a Notice under Section 13(2) of the SARFAESI Act, 2002, against Respondent No.2.
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The appeal was filed by the Corporate Debtor challenging the order dated 28.11.2022 passed by the National Company Law Tribunal, Ahmedabad, Division Bench, Court-1, which rejected IA No.422/2022 filed by the RP seeking to quash the invitation of Expression of Interest (Eol) dated 25.04.2022 issued by Respondent No.1, the Financial Creditor.
The Corporate Debtor is the holding company of Respondent No.2.
Respondent No.2 is Wind World (India) Infrastructure Private Limited.
The Corporate Debtor proposed to construct and operate a power switchyard for pooling power generated by Enercon India Limited (EIL).
A Facility Agreement was entered into on 28.12.2007 between the Corporate Debtor and Respondent No.2.
Respondent No.2 entered into a Loan Agreement with Respondent No.1, and Respondent No.1 sanctioned a loan of Rs.90 Crores.
CIRP was initiated against the Corporate Debtor on 20.02.2018.
Respondent No.2's account was declared NPA on 31.03.2018.
Respondent No.1 issued a Notice under Section 13(2) of the SARFAESI Act, 2002, against Respondent No.2.
…Corporate Insolvency Resolution Process (CIRP)…
Respondent No.2's…