An application under Section 65(1) of the Insolvency and Bankruptcy Code, 2016, was marked for admission. The Interim Resolution Professional sought two weeks to file a reply, which was granted. The matter was listed for hearing on 24.07.2023.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE NATIONAL COMPANY LAW TRIBUNAL, NEW DELHI COURT-V (Special Bench)
Item No.-106 (IB)-264(PB)/2023 New IA3101/2023 IN THE MATTER OF: Go Airlines (India) Limited ….Applicant SECTION U/s 10 of IBC, 2016 Order delivered on 08.06.2023
CORAM:
SHRI MAHENDRA KHANDELWAL, HON’BLE MEMBER (JUDICIAL)
SHRI RAHUL BHATNAGAR, HON’BLE MEMBER (TECHNICAL)
PRESENT:
For the Applicant : Adv Naman Joshi, Adv Ritika, Adv Anirudh Singh For the Respondent : For the IRP : Adv Ramakant Rai, Adv Varun Kr Tikmam, Adv Somesh Srivastava, Adv D Kanshik
ORDER
New IA3101/2023:-
This is an application filed under Section 65(1) of IBC seeking declaration that initiation of CIRP by the Corporate Debtor was done fraudulent and with malicious intent. Heard Ld. Counsel for the Applicant. Ld. Counsel for the IRP is present and accepts the notice on behalf of IRP. Ld. Counsel for the IRP seeks 2 weeks’ time to file the reply. Time prayed for is granted. Thereafter, rejoinder, if any, be filed within one week List the matter on 24.07.2023.
Sd/Sd/(RAHUL BHATNAGAR) (MAHENDRA KHANDELWAL) MEMBER (T) MEMBER (J)
Khushboo 08.06.2023
1 issue framed by the court
Whether to grant time to the Interim Resolution Professional to file a reply to the application under Section 65(1) of IBC.
2 provisions across 1 enactments
Go Airlines (India) Limited
Mahendra Khandelwal
Rahul Bhatnagar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
