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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.

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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.

To know more in details find the attachment file

 

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on 22 January 2021
Published in LAW
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