Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + AT Insolvency and Bankruptcy - 2018 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (5) TMI 175 - AT - Insolvency and BankruptcyCorporate Insolvency Resolution Process - non-disclosure of facts beyond the statutory requirement under the I & B Code read with relevant form - Held that:- The case of the Appellant being covered by decision of this Appellate Tribunal in “M/s Unigreen Global Private Ltd. Vs. Punjab National Bank & Ors.”[2018 (1) TMI 505 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI] we set aside the impugned order dated 28.11.2017 and remit the case to the Adjudicating Authority to consider application under Section 10 of ‘I & B Code’ afresh. If the application is otherwise complete, it will admit the application. However, in case it is incomplete, the Adjudicating Authority will grant time to the Appellant to remove the defects. If any statement made in Form- 6 is misleading, it will be open to the Adjudicating Authority to pass appropriate order in accordance with law. The appeal is allowed with aforesaid observation.
|