The case pertains to IB-955(ND)2020, where an order was passed in IB-957(PB)2020 concerning 'Amanjyot Singh Gulati vs. Gulati Retail India Pvt. Ltd.' by the Adjudicating Authority on 2022-05-23. This order was challenged before the NCLAT in Appeal No. 961 of 2022. The NCLAT upheld the order on 2023-01-05.
The case involves an application under the IBC, specifically Section 94(1). An order was previously passed in IB-957(PB)2020 regarding 'Amanjyot Singh Gulati vs. Gulati Retail India Pvt. Ltd.' by the Adjudicating Authority. This order was challenged and subsequently upheld by the NCLAT in Appeal No. 961 of 2022. The Resolution Professional (RP) submitted that the current petition mirrors the upheld order. A key fact is that the guarantee was invoked against the property of Smt. Inderjit Kaur Bagga, not the applicant, Sh. Manmohan Singh Gulati. This distinction is crucial to the court's decision.
Sign in to view the parties.
Filing of the…
RP Mr. Navneet Kumar…
The case pertains to IB-955(ND)2020, where an order was passed in IB-957(PB)2020 concerning 'Amanjyot Singh Gulati vs. Gulati Retail India Pvt. Ltd.' by the Adjudicating Authority on 2022-05-23. This order was challenged before the NCLAT in Appeal No. 961 of 2022. The NCLAT upheld the order on 2023-01-05.
The case involves an application under the IBC, specifically Section 94(1). An order was previously passed in IB-957(PB)2020 regarding 'Amanjyot Singh Gulati vs. Gulati Retail India Pvt. Ltd.' by the Adjudicating Authority. This order was challenged and subsequently upheld by the NCLAT in Appeal No. 961 of 2022. The Resolution Professional (RP) submitted that the current petition mirrors the upheld order. A key fact is that the guarantee was invoked against the property of Smt. Inderjit Kaur Bagga, not the applicant, Sh. Manmohan Singh Gulati. This distinction is crucial to the court's decision.
Filing of the…
RP Mr. Navneet Kumar…