Nilkamal Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against U. I. Beverages Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The CP was admitted ex-parte on 02.03.2020 due to the Corporate Debtor's non-appearance. Rajnishpal Singh Dhaliwal, a promoter, shareholder, and suspended director of U. I. Beverages Private Limited, filed IA No.213 of 2020 seeking to set aside the ex-parte admission order. Punjab National Bank, the sole CoC member, filed IA No. 320/2020 to implead itself as a party-respondent in IA No. 213/2020.
Nilkamal Limited, an operational creditor, initiated CIRP against U. I. Beverages Private Limited by filing CP (IB) No.97/Chd/Pb/2019 under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor, U. I. Beverages Private Limited, did not appear or file any counter to the CP. The NCLT admitted the CP ex-parte on 02.03.2020 and appointed a Resolution Professional. Rajnishpal Singh Dhaliwal, promoter, shareholder, and suspended director of U. I. Beverages Private Limited, filed IA No.213/2020 seeking to set aside the admission order, arguing that the notice served was invalid because it lacked the CP number and the next hearing date. The Corporate Debtor admitted to receiving the entire copy of the CP application. Punjab National Bank, the sole CoC
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Nilkamal Limited, an Operational Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against U. I. Beverages Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The CP was admitted ex-parte on 02.03.2020 due to the Corporate Debtor's non-appearance. Rajnishpal Singh Dhaliwal, a promoter, shareholder, and suspended director of U. I. Beverages Private Limited, filed IA No.213 of 2020 seeking to set aside the ex-parte admission order. Punjab National Bank, the sole CoC member, filed IA No. 320/2020 to implead itself as a party-respondent in IA No. 213/2020.
Nilkamal Limited, an operational creditor, initiated CIRP against U. I. Beverages Private Limited by filing CP (IB) No.97/Chd/Pb/2019 under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Corporate Debtor, U. I. Beverages Private Limited, did not appear or file any counter to the CP. The NCLT admitted the CP ex-parte on 02.03.2020 and appointed a Resolution Professional. Rajnishpal Singh Dhaliwal, promoter, shareholder, and suspended director of U. I. Beverages Private Limited, filed IA No.213/2020 seeking to set aside the admission order, arguing that the notice served was invalid because it lacked the CP number and the next hearing date. The Corporate Debtor admitted to receiving the entire copy of the CP application. Punjab National Bank, the sole CoC
…Notice of the petition was issued to the…
Affidavit of service…