The case involves IA/175/KOB/2020 filed by the Corporate Debtor, Tharakan Web Innovations Pvt. Ltd., in IBA/34/KOB/2020 under Rule 32 of the NCLT Rules, 2016, seeking a declaration that IBA/34/KOB/2020 is not maintainable in light of Annexure A2 Notification. The Corporate Debtor argued that the Operational Creditor, Cyriac Njavally, filed an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) prematurely. The Corporate Debtor contended that the mandatory 10-day period to object to the demand notice or repay the debt had not elapsed when the Operational Creditor filed the application. The Corporate Debtor also argued that the initial IB Application served was incomplete and that the date of filing was different from the date on the application.

The case involves IA/175/KOB/2020 filed by the Corporate Debtor, Tharakan Web Innovations Pvt. Ltd., in IBA/34/KOB/2020 under Rule 32 of the NCLT Rules, 2016, seeking a declaration that IBA/34/KOB/2020 is not maintainable in light of Annexure A2 Notification. The Corporate Debtor argued that the Operational Creditor, Cyriac Njavally, filed an application under Section 9 of the Insolvency and Bankruptcy Code (IBC) prematurely. The Corporate Debtor contended that the mandatory 10-day period to object to the demand notice or repay the debt had not elapsed when the Operational Creditor filed the application. The Corporate Debtor also argued that the initial IB Application served was incomplete and that the date of filing was different from the date on the application.