This appeal arises from an order passed by the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, in Company Appeal(AT) (Ins.) No.1652/2023 dated 26-11-2024, which dismissed the appellant's appeal and affirmed the Adjudicating Authority's order admitting a Section 9 IBC petition.
The appeal arises from an order of the NCLAT dismissing an appeal against the admission of a Section 9 IBC petition.
A Section 9 petition was filed on 27-12-2021.
The principal amount claimed was Rs.2,19,49,432.60, and the interest amount was Rs.2,56,41,036.00.
The NCLT passed an order initiating CIRP against the Corporate Debtor on 6-12-2023.
The NCLAT passed an order on 18-12-2023, stating that no further steps should be taken in the CIRP.
The entire outstanding of the operational creditor has been settled along with another operational creditor (DARCL Logistics) forming part of COC.
Operational Creditor in the Civil Appeal Rs,2,80,00,000/- (Rupees Two Crore and Eighty Lakh only)
DARCL Logistics Rs.21,00,000/- (Rupees Twenty One Lakh)
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Section 9 peti…
The NCLT passed an…
This appeal arises from an order passed by the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, in Company Appeal(AT) (Ins.) No.1652/2023 dated 26-11-2024, which dismissed the appellant's appeal and affirmed the Adjudicating Authority's order admitting a Section 9 IBC petition.
The appeal arises from an order of the NCLAT dismissing an appeal against the admission of a Section 9 IBC petition.
A Section 9 petition was filed on 27-12-2021.
The principal amount claimed was Rs.2,19,49,432.60, and the interest amount was Rs.2,56,41,036.00.
The NCLT passed an order initiating CIRP against the Corporate Debtor on 6-12-2023.
The NCLAT passed an order on 18-12-2023, stating that no further steps should be taken in the CIRP.
The entire outstanding of the operational creditor has been settled along with another operational creditor (DARCL Logistics) forming part of COC.
Operational Creditor in the Civil Appeal Rs,2,80,00,000/- (Rupees Two Crore and Eighty Lakh only)
DARCL Logistics Rs.21,00,000/- (Rupees Twenty One Lakh)
Section 9 peti…
The NCLT passed an…