The case involves an application under Section 9 of the Insolvency & Bankruptcy Code, 2016. The National Company Law Tribunal (NCLT), Chandigarh Bench, was hearing the matter. The National Company Law Appellate Tribunal (NCLAT) had passed an order in Company Appeal (AT) (Insolvency) No.85 of 2019, titled Anand Rai Vs. Walsons Services Pvt. Ltd. & Anr., which impacted the proceedings before the NCLT. The NCLAT's order set aside the NCLT's earlier order dated 07.01.2019.
Walsons Services Private Limited filed a petition as an Operational Creditor against Quickdel Logistics Private Limited, the Corporate Debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016. The NCLT, Chandigarh Bench, initially admitted the matter. However, the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT) (Insolvency) No.85 of 2019, titled Anand Rai Vs. Walsons Services Pvt. Ltd. & Anr., set aside the NCLT's order dated 07.01.2019. The NCLAT declared orders passed by the Adjudicating Authority appointing any ‘Interim Resolution Professional', declaring moratorium, freezing of account and all other order(s) passed by the Adjudicating Authority pursuant to impugned order and action, taken by the ‘Interim Resolution
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The impugned o…
The National Company Law Appellate Tribunal…
The case involves an application under Section 9 of the Insolvency & Bankruptcy Code, 2016. The National Company Law Tribunal (NCLT), Chandigarh Bench, was hearing the matter. The National Company Law Appellate Tribunal (NCLAT) had passed an order in Company Appeal (AT) (Insolvency) No.85 of 2019, titled Anand Rai Vs. Walsons Services Pvt. Ltd. & Anr., which impacted the proceedings before the NCLT. The NCLAT's order set aside the NCLT's earlier order dated 07.01.2019.
Walsons Services Private Limited filed a petition as an Operational Creditor against Quickdel Logistics Private Limited, the Corporate Debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016. The NCLT, Chandigarh Bench, initially admitted the matter. However, the National Company Law Appellate Tribunal (NCLAT) in Company Appeal (AT) (Insolvency) No.85 of 2019, titled Anand Rai Vs. Walsons Services Pvt. Ltd. & Anr., set aside the NCLT's order dated 07.01.2019. The NCLAT declared orders passed by the Adjudicating Authority appointing any ‘Interim Resolution Professional', declaring moratorium, freezing of account and all other order(s) passed by the Adjudicating Authority pursuant to impugned order and action, taken by the ‘Interim Resolution
…The impugned o…
The National Company Law Appellate Tribunal…