Arya Corporate Advisors and Resolutions, the Operational Creditor (OC), filed a CP (IB) No. 149/AHM/2022 before NCLT Ahmedabad under Section 9 of IBC, seeking to initiate CIRP against Envision Scientific Private Limited, the Corporate Debtor (CD), for an alleged operational debt of Rs.1,08,97,640/- with a default date of 10.05.2022. The Ahmedabad NCLT rejected the CP due to non-fulfillment of the minimum threshold limit under Section 4 of the IBC.
The original CP was filed by Arya Corporate Advisors and Resolutions against Envision Scientific Private Limited before NCLT Ahmedabad.
NCLT Ahmedabad rejected the original CP due to non-fulfillment of the minimum threshold limit under Section 4 of the IBC.
The Applicant/OC filed IA(IBC) Nos. 961/AHM/2024 to recall the rejection order and IA(IBC) No. 817/AHM/2024 seeking criminal proceedings.
The NCLT Ahmedabad Bench recused itself from the case, and it was transferred to the Mumbai Bench.
The Applicant/OC contended that the rejection order was obtained through false statements by the Respondent/CD and ignored the MSMED Act.
The Respondent/CD contended that the rejection order was valid and that the Applicant/OC was attempting to seek a review of the order.
…Sign in to view the parties.
C.P. (IB) No.…
Default date…
Arya Corporate Advisors and Resolutions, the Operational Creditor (OC), filed a CP (IB) No. 149/AHM/2022 before NCLT Ahmedabad under Section 9 of IBC, seeking to initiate CIRP against Envision Scientific Private Limited, the Corporate Debtor (CD), for an alleged operational debt of Rs.1,08,97,640/- with a default date of 10.05.2022. The Ahmedabad NCLT rejected the CP due to non-fulfillment of the minimum threshold limit under Section 4 of the IBC.
The original CP was filed by Arya Corporate Advisors and Resolutions against Envision Scientific Private Limited before NCLT Ahmedabad.
NCLT Ahmedabad rejected the original CP due to non-fulfillment of the minimum threshold limit under Section 4 of the IBC.
The Applicant/OC filed IA(IBC) Nos. 961/AHM/2024 to recall the rejection order and IA(IBC) No. 817/AHM/2024 seeking criminal proceedings.
The NCLT Ahmedabad Bench recused itself from the case, and it was transferred to the Mumbai Bench.
The Applicant/OC contended that the rejection order was obtained through false statements by the Respondent/CD and ignored the MSMED Act.
The Respondent/CD contended that the rejection order was valid and that the Applicant/OC was attempting to seek a review of the order.
…C.P. (IB) No.…
Default date…