Back
NATIONAL COMPANY LAW TRIBUNAL
Brajendra Mani Tripathi, J, Man Mohan Gupta, T
Carnet Elias Fernandes – Appellant
Versus
Jagdish Kumar Parulkar RP of GEI Power Ltd – Respondent
| Table of Content |
|---|
| 1. insolvency application filed to seek participation in proceedings. (Para 1 , 2) |
| 2. claim of rights to participate based on principles of natural justice. (Para 6 , 14) |
| 3. court affirms limits of jurisdiction in plan approval and necessity of parties. (Para 27 , 28 , 33) |
| 4. court dismisses application due to disqualification under insolvency law. (Para 37) |
| 5. final order dismisses the application. (Para 38) |
ORDER
1. The present Intervention Application, being INV. P. 1 of 2026 (hereinafter referred to as “the Application”), has been filed by Carnet Elias Fernandes (hereinafter referred to as “the Applicant/Intervenor”), Suspended Management of GEI Power Ltd. (hereinafter referred to as “the Corporate Debtor”) under Rule 11 of the National Company Law Tribunal Rules, 2016 (hereinafter referred to as “the NCLT Rules”), seeking impleadment as a necessary and proper party in IA (Plan) No. 5 of 2024 (hereinafter referred to as “the Plan IA”), pending adjudication before this Hon’ble Tribunal in CP(IB)/49(MP)2024 (hereinafter referred to as “the Main Proceeding”). The Plan IA is an application filed under Section 30 (6) of the Insolvency and Bankruptcy Code, 2016 (hereinafte
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
