The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter was initially heard by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench-III, which passed an order on September 17, 2018. This order was then appealed to the National Company Law Appellate Tribunal (NCLAT), which remanded the case back to the Adjudicating Authority via an order dated January 21, 2019. The NCLAT directed the Adjudicating Authority to admit the application under Section 9.
Alloysim Industries filed an application under Section 9 of the IBC, 2016, against Raman Casting (P) Ltd. The Adjudicating Authority initially passed an order on September 17, 2018, which was appealed to the NCLAT. The NCLAT remanded the case back to the Adjudicating Authority with a direction to admit the application. The Corporate Debtor, Raman Casting (P) Ltd, was given an opportunity to settle the claim with Alloysim Industries, but failed to do so. Mr. Shominderjeet appeared on behalf of the Corporate Debtor on March 15, 2019, seeking time to engage an advocate. The Operational Creditor's petition was admitted, and a moratorium was declared. Mr. Brijesh Kumar Tamber was appointed as the Interim Resolution Professional (IRP). The applicant is directed to pay two
…Sign in to view the parties.
Adjudicating Authority (National Company Law…
NCLAT remands the case back to the Adjudicating…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The matter was initially heard by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench-III, which passed an order on September 17, 2018. This order was then appealed to the National Company Law Appellate Tribunal (NCLAT), which remanded the case back to the Adjudicating Authority via an order dated January 21, 2019. The NCLAT directed the Adjudicating Authority to admit the application under Section 9.
Alloysim Industries filed an application under Section 9 of the IBC, 2016, against Raman Casting (P) Ltd. The Adjudicating Authority initially passed an order on September 17, 2018, which was appealed to the NCLAT. The NCLAT remanded the case back to the Adjudicating Authority with a direction to admit the application. The Corporate Debtor, Raman Casting (P) Ltd, was given an opportunity to settle the claim with Alloysim Industries, but failed to do so. Mr. Shominderjeet appeared on behalf of the Corporate Debtor on March 15, 2019, seeking time to engage an advocate. The Operational Creditor's petition was admitted, and a moratorium was declared. Mr. Brijesh Kumar Tamber was appointed as the Interim Resolution Professional (IRP). The applicant is directed to pay two
…Adjudicating Authority (National Company Law…
NCLAT remands the case back to the Adjudicating…