The case involves an appeal against an order of the National Company Law Tribunal (NCLT), Ahmedabad, which partly allowed an application filed by Adani Infrastructure & Developers Private Limited under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The NCLT's order directed certain actions, including exonerating the applicant from paying interest and directing the liquidator not to forfeit the EMD. The Liquidator of the corporate debtor, M/s Anil Limited, filed an appeal before the National Company Law Appellate Tribunal (NCLAT), which was delayed. The NCLAT dismissed the applications for condonation of delay in filing/refiling the appeal, leading to the rejection of the appeal itself. This dismissal is now being challenged before the Supreme Court.
The National Company Law Tribunal (NCLT), Ahmedabad, partly allowed an application filed by Adani Infrastructure & Developers Private Limited. The Liquidator of M/s Anil Limited appealed this order to the National Company Law Appellate Tribunal (NCLAT). The appeal was presented 13 days beyond the 30-day limitation period, and an application for condonation of delay was filed. The NCLAT registry marked the appeal as defective. After curing the defects, the appeal was re-filed, but another application for condonation of delay was required. The NCLAT dismissed the applications for condonation of delay, leading to the rejection of the appeal. An e-auction notice was issued by the appellant for the sale of land belonging to the corporate debtor. Adani Infrastructure
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The case involves an appeal against an order of the National Company Law Tribunal (NCLT), Ahmedabad, which partly allowed an application filed by Adani Infrastructure & Developers Private Limited under Section 60(5) of the Insolvency and Bankruptcy Code, 2016. The NCLT's order directed certain actions, including exonerating the applicant from paying interest and directing the liquidator not to forfeit the EMD. The Liquidator of the corporate debtor, M/s Anil Limited, filed an appeal before the National Company Law Appellate Tribunal (NCLAT), which was delayed. The NCLAT dismissed the applications for condonation of delay in filing/refiling the appeal, leading to the rejection of the appeal itself. This dismissal is now being challenged before the Supreme Court.
The National Company Law Tribunal (NCLT), Ahmedabad, partly allowed an application filed by Adani Infrastructure & Developers Private Limited. The Liquidator of M/s Anil Limited appealed this order to the National Company Law Appellate Tribunal (NCLAT). The appeal was presented 13 days beyond the 30-day limitation period, and an application for condonation of delay was filed. The NCLAT registry marked the appeal as defective. After curing the defects, the appeal was re-filed, but another application for condonation of delay was required. The NCLAT dismissed the applications for condonation of delay, leading to the rejection of the appeal. An e-auction notice was issued by the appellant for the sale of land belonging to the corporate debtor. Adani Infrastructure
…Adani Infrastructure submitted a bid to…
The appellant issued a…