The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Allahabad Bank (Financial Creditor) against M/s Meghalaya Infratech. Ltd. (Corporate Debtor). The Corporate Debtor's counsel filed a Vakalatnama, which was not supported by a Board Resolution. The Corporate Debtor also claimed that the copy of the application submitted to them was illegible.
Allahabad Bank, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s Meghalaya Infratech. Ltd., the Corporate Debtor. The Corporate Debtor's counsel filed a Vakalatnama, but it lacked a supporting Board Resolution. The Corporate Debtor claimed the application copy was illegible. The Financial Creditor's counsel agreed to provide a legible copy. The court addressed these procedural issues to ensure a fair hearing.
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Corporate Debtor…
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The case involves an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Allahabad Bank (Financial Creditor) against M/s Meghalaya Infratech. Ltd. (Corporate Debtor). The Corporate Debtor's counsel filed a Vakalatnama, which was not supported by a Board Resolution. The Corporate Debtor also claimed that the copy of the application submitted to them was illegible.
Allahabad Bank, the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016 against M/s Meghalaya Infratech. Ltd., the Corporate Debtor. The Corporate Debtor's counsel filed a Vakalatnama, but it lacked a supporting Board Resolution. The Corporate Debtor claimed the application copy was illegible. The Financial Creditor's counsel agreed to provide a legible copy. The court addressed these procedural issues to ensure a fair hearing.
Order issued directing…
Corporate Debtor…
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