In the matter of Aamby Valley Ltd. [C.P. (IB)308-MB-2019]
Case brief
What is this about?
The NCLT, Mumbai Bench adjourned the Insolvency Petition sine die pending any specific order from the Hon'ble Supreme Court regarding corporate debtors associated with Aamby Valley City. The Court directed Petitioner to submit additional hard copies.
What did the court decide?
Petition adjourned sine die pending specific orders from the Hon'ble Supreme Court.
What the court decided
IN THE NATIONAL COMPANY LAW TRIBUNAL
ITEM No. 12 C.P.(IB)308/MB/2019
COURT-I, MUMBAI BENCH
IN THE MATTER OF: Karan Builders … Operational Creditor V/s Aamby Valley Ltd. … Corporate Debtor
U/s 9 of the Insolvency & Bankruptcy Code, 2016
Order delivered on 15.12.2021
CORAM:
JUSTICE PRADEEP NARHARI DESHMUKH HON’BLE MEMBER (JUDICIAL)
SH. KAPAL KUMAR VOHRA HON’BLE MEMBER (TECHNICAL) PRESENT:
For the Petitioner:
For the Respondent:
Rahul D. Oak, Adv
Adv Sandeep Bajaj a/w Adv Aditya Chopra, Adv Asav Rajan, Adv Adesh Agarkar i/b Victoriam Legalis, Advocates & Solicitors, Advocates for the Sahara Hospitality Ltd i.e. Corporate Debtor.
Issues for consideration
2 issues framed by the court
Whether the Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 should be entertained given the Supreme Court orders pertaining to Aamby Valley City.
Whether to verify if any writ is received from the Hon'ble Supreme Court.
Parties & counsel
- petitioner
Karan Builders (Operational Creditor)
- respondent
Aamby Valley Ltd.
- respondent
Sahara Hospitality Ltd
Coram
Case details
As recorded by the court registry
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