Zapp India Ltd. (Corporate Debtor) filed an appeal against the order dated June 13, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, in Company Petition No. IB-344(ND)/2018. The Adjudicating Authority admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Respondent (Operational Creditor), passed an order of moratorium, and asked the Operational Creditor to propose the name of another Resolution Professional. The Corporate Debtor's grievance was that a disciplinary proceeding was pending against the Resolution Professional, who was earlier proposed, and therefore, Operational Creditors were asked to propose a second name, which the Corporate Debtor claimed was illegal.
Zapp India Ltd. (Corporate Debtor) filed an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Respondent (Operational Creditor). The Adjudicating Authority also passed an order of moratorium and directed the Operational Creditor to propose the name of another Resolution Professional. The Corporate Debtor's grievance was that a disciplinary proceeding was pending against the initially proposed Resolution Professional. The Corporate Debtor argued that asking the Operational Creditor to propose a second name was illegal. The appeal was filed by the Corporate Debtor against the order of admission of the
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The Adjudicating Authority (National Company…
Zapp India Ltd. (Corporate Debtor) filed an…
Zapp India Ltd. (Corporate Debtor) filed an appeal against the order dated June 13, 2018, passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, in Company Petition No. IB-344(ND)/2018. The Adjudicating Authority admitted the application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Respondent (Operational Creditor), passed an order of moratorium, and asked the Operational Creditor to propose the name of another Resolution Professional. The Corporate Debtor's grievance was that a disciplinary proceeding was pending against the Resolution Professional, who was earlier proposed, and therefore, Operational Creditors were asked to propose a second name, which the Corporate Debtor claimed was illegal.
Zapp India Ltd. (Corporate Debtor) filed an appeal against an order passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by the Respondent (Operational Creditor). The Adjudicating Authority also passed an order of moratorium and directed the Operational Creditor to propose the name of another Resolution Professional. The Corporate Debtor's grievance was that a disciplinary proceeding was pending against the initially proposed Resolution Professional. The Corporate Debtor argued that asking the Operational Creditor to propose a second name was illegal. The appeal was filed by the Corporate Debtor against the order of admission of the
…The Adjudicating Authority (National Company…
Zapp India Ltd. (Corporate Debtor) filed an…