NCLT JUDGEMENT ON SECTION 8, 9, 9(3)(B), 9(3)(C), 9(5), 9(5) (2)(D), 14(1), 14(2), 14(3), 14(4) OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016, REGULATION 6 OF THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSON) REGULATIONS, 2016 AND RULE 6 OF THE INSOLVENCY AND BANKRUPTCY (APPLICATION TO ADJUDICATING AUTHORITY) RULES, 2016
NAME MOBILE NO. E-MAIL I’D RANJEET KUMAR 8383098478 , 9667769795 rk@courtkutchehry.com JAI THAKUR 8130703334 , 9355723300 jai.thakur@courtkutchehry.com RAJEEV RANJAN 9334553249 rajiv.ranjan@courtkutchehry.com ASHOK MISHRA 9718327746 sales@courtkutchehry.com RAVI KUMAR ravi.singh@courtkutchehry.com Royale Resinex Pvt. Ltd Vs. Greatech Telecom Technologies Pvt. Ltd, (2020) 07 NCLT CK 0003 NCLT allowed the application filed by the applicant, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (for brevity 'code') read with Rules 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority), 2016 (for brevity 'the Rules') with a prayer to initiate the Corporate Insolvency process against the Corporate Debtor. While allowing the application NCLT held that It is clear, therefore that once the Operational creditor has filed an application, which is otherwise complete, the adjudicating authority must reje...