NCLT Judgement on Section 3(6), 3(11), 3(12), 4, 8, 9, 9(3) (b), 9(3)(c), 9(5), 14(1), 14(2), 14(3), 14(4) of the Insolvency And Bankruptcy Code, 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 Af Consult India Pvt. Ltd Vs. Sikkim Hydro Venture Limited, (2020) 07 NCLT CK 0031 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 clearly established that the default in payment of the Operational debt has occurred by the corporate debtor further there also exist a pre-existing d...