The case involves an application under Section 7 of the Insolvency and Bankruptcy Code. The applicant's counsel states that the threshold limit required to file the application, considering the amendment dated 28.12.2019, has not been met. The application is deemed not maintainable, but the applicant seeks adjournment to allow other home buyers to join and meet the threshold. The respondent's counsel argues for dismissal due to non-maintainability but does not object to granting liberty to file an appropriate application.
Kewal Kishan Kapoor HUF & 17 & Ors. filed an application under Section 7 of the Insolvency and Bankruptcy Code against Orris Infrastructure Pvt. Ltd. The applicant's counsel, Mr. Nikhil Aswani, stated that the threshold limit required to file the application, considering the amendment dated 28.12.2019, was not met. The application was deemed not maintainable, but the applicant sought an adjournment to allow other home buyers to join and meet the threshold. The respondent's counsel, Mr. P. Nagesh, argued for dismissal due to non-maintainability but did not object to granting liberty to file an appropriate application. The court dismissed the application but granted the applicant liberty to file a fresh application.
Sign in to view the parties.
Date of the amendment…
The order was delivered dismissing the…
The case involves an application under Section 7 of the Insolvency and Bankruptcy Code. The applicant's counsel states that the threshold limit required to file the application, considering the amendment dated 28.12.2019, has not been met. The application is deemed not maintainable, but the applicant seeks adjournment to allow other home buyers to join and meet the threshold. The respondent's counsel argues for dismissal due to non-maintainability but does not object to granting liberty to file an appropriate application.
Kewal Kishan Kapoor HUF & 17 & Ors. filed an application under Section 7 of the Insolvency and Bankruptcy Code against Orris Infrastructure Pvt. Ltd. The applicant's counsel, Mr. Nikhil Aswani, stated that the threshold limit required to file the application, considering the amendment dated 28.12.2019, was not met. The application was deemed not maintainable, but the applicant sought an adjournment to allow other home buyers to join and meet the threshold. The respondent's counsel, Mr. P. Nagesh, argued for dismissal due to non-maintainability but did not object to granting liberty to file an appropriate application. The court dismissed the application but granted the applicant liberty to file a fresh application.
Date of the amendment…
The order was delivered dismissing the…