NCLAT remanded back the matter to the Adjudicating Authority and requested to consider the application of Aster Technologies Pvt.Ltd as per the Provision of IBC.
Last updated: 22 January 2021
Court :
NCLT
Brief :
05.01.2021 This Appeal has been filed by the Appellant-Operational Creditor against Impugned Order dated 09th September, 2020 passed in CP (IB) No. 184/BB/2020 by the Adjudicating Authority (NCLT, Bengaluru Bench). By the Impugned Order, the Adjudicating Authority disposed of the Application under Section 9 of Insolvency and Bankruptcy Code, 2016 (IBC in Short) filed by the Appellant as Operational Creditor with a direction to the Respondent (who was not yet served) to settle the issue or the Appellant would be at liberty to file fresh Company Petition.
Citation :
Company Appeal (AT) (Insolvency) No. 916 of 2020
NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI
Company Appeal (AT) (Insolvency) No. 916 of 2020
In the matter of:
Aster Technologies Pvt. Ltd.
Through its Director,
Having office at: A-2, Second Floor,
Shopping Centre, Naraina Industrial Area,
Phase – II, New Delhi – 110028.
CIN: U74899DL1988PTC033500 …Appellant/Operational Creditor.
Versus
Solas Fire Safety Equipment Pvt. Ltd.
Through its Directors,
Having Office at: No. 2, Ist Main Road,
Vasanthnagar, Bangalore,
Karnataka – 560052. …Respondent/Corporate Debtor.
Present:
For Appellant: Mr. Manoranjani Shaw, Advocate.
For Respondent: Mr. Kumar Sudeep, Advocate.
ORDER
(Virtual Mode)
05.01.2021 This Appeal has been filed by the Appellant-Operational Creditor against Impugned Order dated 09th September, 2020 passed in CP (IB) No. 184/BB/2020 by the Adjudicating Authority (NCLT, Bengaluru Bench). By the Impugned Order, the Adjudicating Authority disposed of the Application under Section 9 of Insolvency and Bankruptcy Code, 2016 (IBC in Short) filed by the Appellant as Operational Creditor with a direction to the Respondent (who was not yet served) to settle the issue or the Appellant would be at liberty to file fresh Company Petition.
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