The case involves an application (IA 1291/2022) filed by Mahimegha Agritech Private Limited seeking to set aside the ex-parte admission order dated 19.10.2022 in CP(IB) No.230/9/HDB/2022, which initiated Corporate Insolvency Resolution Process (CIRP) against the company. The applicant contended that they were not duly served notice of the application filed by Noveltech Feeds Private Limited, the operational creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The applicant argued that mandatory notices were not served, and the demand notice was not dispatched to the registered office. The operational creditor claimed compliance with Section 8 of the IBC, but the applicant highlighted discrepancies in the email address used for communication and
…Noveltech Feeds Private Limited filed an application to initiate CIRP against Mahimegha Agritech Private Limited under Section 9 of the IBC. An ex-parte admission order was passed on 19.10.2022, placing Mahimegha Agritech under CIRP. Mahimegha Agritech then filed IA 1291/2022 to set aside this order, arguing lack of proper notice. The registered office of Mahimegha Agritech is located at Flat no 204, Plot no 49&50, Syamala Pride Apartment, Silpa Layout, Opp:JNTU, Near INCOIS, Pragati Nagar Vill, Bachupally Mandal, Telanagana-500090. The demand notice was allegedly sent to a different address. Ms. Chetna Reddy, an advocate, initially appeared stating she was instructed by the Corporate Debtor, but later clarified she was authorized by Vivek Sri Farms Pvt Ltd in a
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The case involves an application (IA 1291/2022) filed by Mahimegha Agritech Private Limited seeking to set aside the ex-parte admission order dated 19.10.2022 in CP(IB) No.230/9/HDB/2022, which initiated Corporate Insolvency Resolution Process (CIRP) against the company. The applicant contended that they were not duly served notice of the application filed by Noveltech Feeds Private Limited, the operational creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The applicant argued that mandatory notices were not served, and the demand notice was not dispatched to the registered office. The operational creditor claimed compliance with Section 8 of the IBC, but the applicant highlighted discrepancies in the email address used for communication and
…Noveltech Feeds Private Limited filed an application to initiate CIRP against Mahimegha Agritech Private Limited under Section 9 of the IBC. An ex-parte admission order was passed on 19.10.2022, placing Mahimegha Agritech under CIRP. Mahimegha Agritech then filed IA 1291/2022 to set aside this order, arguing lack of proper notice. The registered office of Mahimegha Agritech is located at Flat no 204, Plot no 49&50, Syamala Pride Apartment, Silpa Layout, Opp:JNTU, Near INCOIS, Pragati Nagar Vill, Bachupally Mandal, Telanagana-500090. The demand notice was allegedly sent to a different address. Ms. Chetna Reddy, an advocate, initially appeared stating she was instructed by the Corporate Debtor, but later clarified she was authorized by Vivek Sri Farms Pvt Ltd in a
…The Company Petition was listed for the first…
The Tribunal granted time for filing Vakalat…