The case involves Dr. Vivek Mahendru as the petitioner/applicant and M/s. Raheja Developers Ltd. as the respondent. It pertains to an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The corporate debtor's counsel informed the court that the Hon'ble NCLAT had granted a stay in Company Appeal (AT) (Insolvency) No. 864 of 2019, dated 17.09.2019, which restricted the Interim Resolution Professional from making any publication, calling for claims if not published, and from constituting a Committee of Creditors if not yet constituted. The pendency of the appeal should not hinder Mr. Navin Raheja, the appellant, from negotiating with the 1st and 2nd Respondents and the Interveners to reach a settlement.
Dr. Vivek Mahendru filed an application against M/s. Raheja Developers Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The corporate debtor's counsel informed the NCLT that the NCLAT had granted a stay order in Company Appeal (AT) (Insolvency) No. 864 of 2019, dated 17.09.2019. This stay order restricted the Interim Resolution Professional from publishing claims and forming a Committee of Creditors. The NCLAT also stated that the pendency of the appeal should not prevent Mr. Navin Raheja from negotiating a settlement with the respondents and interveners. The judgment has been reserved by the Hon'ble Appellate Tribunal.
Sign in to view the parties.
NCLAT grants stay in Company Appeal (AT)…
NCLT acknowledges the NCLAT stay order and…
The case involves Dr. Vivek Mahendru as the petitioner/applicant and M/s. Raheja Developers Ltd. as the respondent. It pertains to an application under Section 7 of the Insolvency and Bankruptcy Code, 2016. The corporate debtor's counsel informed the court that the Hon'ble NCLAT had granted a stay in Company Appeal (AT) (Insolvency) No. 864 of 2019, dated 17.09.2019, which restricted the Interim Resolution Professional from making any publication, calling for claims if not published, and from constituting a Committee of Creditors if not yet constituted. The pendency of the appeal should not hinder Mr. Navin Raheja, the appellant, from negotiating with the 1st and 2nd Respondents and the Interveners to reach a settlement.
Dr. Vivek Mahendru filed an application against M/s. Raheja Developers Ltd. under Section 7 of the Insolvency and Bankruptcy Code, 2016. The corporate debtor's counsel informed the NCLT that the NCLAT had granted a stay order in Company Appeal (AT) (Insolvency) No. 864 of 2019, dated 17.09.2019. This stay order restricted the Interim Resolution Professional from publishing claims and forming a Committee of Creditors. The NCLAT also stated that the pendency of the appeal should not prevent Mr. Navin Raheja from negotiating a settlement with the respondents and interveners. The judgment has been reserved by the Hon'ble Appellate Tribunal.
NCLAT grants stay in Company Appeal (AT)…
NCLT acknowledges the NCLAT stay order and…