The case pertains to C.P. (I.B) No. 367/9/NCLT/AHM/2019 before the National Company Law Tribunal (NCLT), Ahmedabad Bench. The matter involves S N Tradelink Pvt Ltd as the operational creditor and Honest Derivatives Pvt Ltd as the corporate debtor. The hearing was conducted through video conferencing. The Corporate Debtor's counsel informed the court that an admission order had already been passed against the same Corporate Debtor in another case, Solartex India Pvt. Ltd. v/s. Honest Derivatives Pvt ltd. in CP(IB) No. 393/9/NCLT/AHM/2018.
The case involves C.P. (I.B) No. 367/9/NCLT/AHM/2019. S N Tradelink Pvt Ltd is the operational creditor, and Honest Derivatives Pvt Ltd is the corporate debtor. The hearing was conducted via video conferencing. The Corporate Debtor's counsel informed the court that an admission order had already been passed against the same Corporate Debtor in the matter of Solartex India Pvt. Ltd. v/s. Honest Derivatives Pvt ltd. in CP(IB) No. 393/9/NCLT/AHM/2018 on 28.05.2020. This prior admission order is a crucial fact, as it influenced the court's decision to dispose of the current proceeding. The Operational Creditor is given the liberty to approach the IRP/RP in the other proceeding for their claim. The Operational Creditor retains the right to revive the current proceeding if
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An admission order was passed against…
The NCLT, Ahmedabad Bench disposed of…
The case pertains to C.P. (I.B) No. 367/9/NCLT/AHM/2019 before the National Company Law Tribunal (NCLT), Ahmedabad Bench. The matter involves S N Tradelink Pvt Ltd as the operational creditor and Honest Derivatives Pvt Ltd as the corporate debtor. The hearing was conducted through video conferencing. The Corporate Debtor's counsel informed the court that an admission order had already been passed against the same Corporate Debtor in another case, Solartex India Pvt. Ltd. v/s. Honest Derivatives Pvt ltd. in CP(IB) No. 393/9/NCLT/AHM/2018.
The case involves C.P. (I.B) No. 367/9/NCLT/AHM/2019. S N Tradelink Pvt Ltd is the operational creditor, and Honest Derivatives Pvt Ltd is the corporate debtor. The hearing was conducted via video conferencing. The Corporate Debtor's counsel informed the court that an admission order had already been passed against the same Corporate Debtor in the matter of Solartex India Pvt. Ltd. v/s. Honest Derivatives Pvt ltd. in CP(IB) No. 393/9/NCLT/AHM/2018 on 28.05.2020. This prior admission order is a crucial fact, as it influenced the court's decision to dispose of the current proceeding. The Operational Creditor is given the liberty to approach the IRP/RP in the other proceeding for their claim. The Operational Creditor retains the right to revive the current proceeding if
…An admission order was passed against…
The NCLT, Ahmedabad Bench disposed of…