Back
NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Naresh Salecha, M (Technical)
Amit Kumar Kolay – Appellant
Versus
Bank of India – Respondent
| Table of Content |
|---|
| 1. appeal filed against cirp initiation needs clarity on debt defaults. (Para 1 , 2 , 4) |
| 2. arguments concerning misconstrued restructuring clauses must be critically assessed. (Para 5 , 8 , 10 , 11 , 17) |
| 3. respondent refutes appellant's claims on accountability for defaults. (Para 25 , 32 , 36) |
| 4. evidence substantively supports bank's claim for correct npa classification. (Para 39 , 41 , 44) |
| 5. court findings conclude no error in admitting cirp based on debts. (Para 58 , 59) |
JUDGEMENT
(19.03.2024)
NARESH SALECHA, MEMBER (TECHNICAL)
1. The present Appeal i.e., Company Appeal (AT) (Insolvency) No. 161 of 2023 has been filed against the Impugned Order dated 10.01.2023 passed by the National Company Law Tribunal, Kolkata Bench, Court-I, Kolkata (in short ‘Adjudicating Authority’) in CP (IB) No. 623/ KB/ 2020 where the application of the Respondent No. 1- Bank of India ( in short ‘Financial Creditor’) under Section 7 of the Insolvency & Bankruptcy Code, 2016 (in short ‘Code’) was admitted and the Corporate Insolvency Resolution Process (in short ‘CIRP’) was initiated.
2. Mr. Amit Kumar Kolay is the Appellant herein who was the Designated Partner of Suryadeep Multipurpose Col
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
