NCLT JUDGEMENT ON SECTION 8, 9, 9(3)(B), 9(5), 14(1), 14(2), 14(3), 14(4) OF THE INSOLVENCY AND BANKRUPTCY CODE, 2016 AND REGULATION 6 OF THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (INSOLVENCY RESOLUTION PROCESS FOR CORPORATE PERSON) REGULATIONS, 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 Metenere Limited Vs. Novelty Treasure Metals Private Limited, (2020) 07 NCLT CK 0044 NCLT allowed the application filed by the applicant, under Section 9 of Insolvency and Bankruptcy Code, 2016 (for brevity 'IBC, 2016') read with Rule 6 of the Insolvency and Bankruptcy Code (Application to Adjudicating Authority) Rules, 2016, with a prayer to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor. While allowing the application NCLT held that it is beyond doubt that the default has occurred with respect to the payment of the operational debt due to the Applicant. The corporate debtor has not placed...