Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + AT Insolvency and Bankruptcy - 2019 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (1) TMI 1629 - AT - Insolvency and BankruptcyAdmissibility of application for intervention - application under section 7 of the ‘I&B Code’ is pending before the Adjudicating Authority (National Company Law Tribunal) since May, 2018 - HELD THAT:- In the present case, as we find that the matter is pending since May, 2018, we direct the Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, Ahmedabad to pass appropriate order on the application u/s 7 immediately not beyond three weeks, after hearing the ‘Financial Creditor’ (Appellant) and Corporate Debtor. Intervener is not required to be heard at the stage of admission. If the Corporate Debtor intends to settle the matter, then no order be passed. This Appellate Tribunal may pass the order on the application u/s 7 filed by the Appellant after notice to the Corporate Debtor. Appeal disposed off.
|