The case involves an application under Section 9 of the IBC. A 98.9% stakeholder filed an intervention application, stating the matter was being amicably resolved and requesting time. Subsequently, the stakeholder claimed the amicable resolution failed and sought adjudication and intervention in the proceedings.
M/s. Ashish Gupta filed a petition against M/s. Delagua Helath India Pvt. Ltd. under Section 9 of the IBC. A 98.9% stakeholder filed an intervention application, initially claiming amicable resolution and requesting time. Later, the stakeholder asserted the failure of amicable resolution and sought adjudication and intervention. The court found the intervention application unnecessary and the petition collusive. No one was present on behalf of the Operational Creditor or the Corporate Debtor.
Sign in to view the parties.
Order delive…
Sign in to view related legal provisions.
The case involves an application under Section 9 of the IBC. A 98.9% stakeholder filed an intervention application, stating the matter was being amicably resolved and requesting time. Subsequently, the stakeholder claimed the amicable resolution failed and sought adjudication and intervention in the proceedings.
M/s. Ashish Gupta filed a petition against M/s. Delagua Helath India Pvt. Ltd. under Section 9 of the IBC. A 98.9% stakeholder filed an intervention application, initially claiming amicable resolution and requesting time. Later, the stakeholder asserted the failure of amicable resolution and sought adjudication and intervention. The court found the intervention application unnecessary and the petition collusive. No one was present on behalf of the Operational Creditor or the Corporate Debtor.
Order delive…
Sign in to view related legal provisions.