The case involves an application filed under Section 7 of the I&B Code, 2016, by Kashyap Deorah, a Financial Creditor/Applicant, against AYG Realty Private Limited, the Corporate Debtor/Respondent, for initiating Corporate Insolvency Resolution Process (CIRP). The application was originally filed on 25.09.2020 and restored on 01.08.2022.
The application was filed under Section 7 of the I&B Code, 2016.
The Financial Creditor/Applicant is Mr. Kashyap Deorah.
The Corporate Debtor/Respondent is AYG Realty Private Limited.
The application was originally filed on 25.09.2020 and restored on 01.08.2022.
Consent Terms were recorded on 18.11.2021 between the parties.
The Company Petition was initially dismissed on 24.03.2022.
The Applicant challenged the dismissal order before the NCLAT.
The NCLAT granted liberty to file for revival of the Section 7 application on 07.07.2022.
The Bench allowed the restoration of the main Company Petition on 09.11.2022.
The Bench allowed the Petitioner to amend the Petition regarding the date of default on 12.04.2023.
The first date of default is stated to be 27.02.2019.
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Application being C.P.…
Applicati…
The case involves an application filed under Section 7 of the I&B Code, 2016, by Kashyap Deorah, a Financial Creditor/Applicant, against AYG Realty Private Limited, the Corporate Debtor/Respondent, for initiating Corporate Insolvency Resolution Process (CIRP). The application was originally filed on 25.09.2020 and restored on 01.08.2022.
The application was filed under Section 7 of the I&B Code, 2016.
The Financial Creditor/Applicant is Mr. Kashyap Deorah.
The Corporate Debtor/Respondent is AYG Realty Private Limited.
The application was originally filed on 25.09.2020 and restored on 01.08.2022.
Consent Terms were recorded on 18.11.2021 between the parties.
The Company Petition was initially dismissed on 24.03.2022.
The Applicant challenged the dismissal order before the NCLAT.
The NCLAT granted liberty to file for revival of the Section 7 application on 07.07.2022.
The Bench allowed the restoration of the main Company Petition on 09.11.2022.
The Bench allowed the Petitioner to amend the Petition regarding the date of default on 12.04.2023.
The first date of default is stated to be 27.02.2019.
…Application being C.P.…
Applicati…