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NATIONAL COMPANY LAW TRIBUNAL
Sanjiv Jain, Venkataraman Subramaniam, JJ
Allianz Bulk Carriers DMCC – Appellant
Versus
A&N Seaways and Projects Pvt. Ltd. – Respondent
| Table of Content |
|---|
| 1. initiation of cirp and petition admission (Para 1 , 2) |
| 2. details of operational debt and corporate debtor's failures (Para 3 , 4 , 5 , 6 , 7 , 8 , 9) |
| 3. disputes raised by corporate debtor against liability (Para 10 , 11 , 12) |
| 4. evaluation of petitioner’s claims and corporate governance (Para 18 , 19 , 21 , 22 , 23 , 24 , 26 , 27) |
| 5. existence of disputes and legal effects of cpa (Para 28 , 29) |
| 6. admission of petition and moratorium order (Para 32 , 33 , 34 , 35 , 36) |
| 7. final admission and directions (Para 38) |
ORDER
(Hearing conducted through VC)
This petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 {“IBC”) r/w Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 has been filed by Allianz Bulk Carriers DMCC, Operational Creditor / Petitioner herein against A&N Seaways and Projects Private Limited, the Corporate Debtor / Respondent herein for initiating Corporate Insolvency Resolution Process (“CIRP”).
2. Part-I of the petition sets out the particulars of the Petitioner/Operational Creditor, Allianz Bulk Carriers DMCC. It has its address at No.402, Gold Crest Executive, Cluster C, Jumeriah Lake Towers, PO Box
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