The case involves a civil appeal before the Supreme Court of India. The appellant had previously filed an appeal before the National Company Law Appellate Tribunal (NCLAT), which was pending. The Supreme Court directed that the NCLAT appeal should proceed on merits. The NCLAT then passed an impugned judgment. The appellant's name was mentioned in the list of Operational Creditors, and the admitted claims of the appellant were indicated as 'Nil' with a note indicating that the claims pertaining to FDSL have been disputed and are proceedings before the Arbitrators/Appellate Authorities.
Fourth Dimension Solutions Ltd. (appellant) filed an appeal before the National Company Law Appellate Tribunal (NCLAT). The Supreme Court directed the NCLAT appeal to proceed on merits. The NCLAT then passed an impugned judgment. The appellant's name was mentioned in the list of Operational Creditors. On 2018-11-29, the Resolution Professional (RP) published an updated list of creditors of the Corporate Debtor, wherein the admitted claims of the Appellant were indicated as 'Nil' with an appended note: "2. The claims pertaining to FDSL have been disputed and are proceedings before the Arbitrators/Appellate Authorities. The liability is subjected to outcome of these proceedings". There were arbitration proceedings pending between the parties.
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The case involves a civil appeal before the Supreme Court of India. The appellant had previously filed an appeal before the National Company Law Appellate Tribunal (NCLAT), which was pending. The Supreme Court directed that the NCLAT appeal should proceed on merits. The NCLAT then passed an impugned judgment. The appellant's name was mentioned in the list of Operational Creditors, and the admitted claims of the appellant were indicated as 'Nil' with a note indicating that the claims pertaining to FDSL have been disputed and are proceedings before the Arbitrators/Appellate Authorities.
Fourth Dimension Solutions Ltd. (appellant) filed an appeal before the National Company Law Appellate Tribunal (NCLAT). The Supreme Court directed the NCLAT appeal to proceed on merits. The NCLAT then passed an impugned judgment. The appellant's name was mentioned in the list of Operational Creditors. On 2018-11-29, the Resolution Professional (RP) published an updated list of creditors of the Corporate Debtor, wherein the admitted claims of the Appellant were indicated as 'Nil' with an appended note: "2. The claims pertaining to FDSL have been disputed and are proceedings before the Arbitrators/Appellate Authorities. The liability is subjected to outcome of these proceedings". There were arbitration proceedings pending between the parties.
The Resolution Professional (RP) published an…
The Court upheld the Resolution Plan approved…
Sign in to view related legal provisions.