NCLAT remanded back the matter to the Adjudicating Authority and requested to consider the application of Aster Technologies Pvt.Ltd as per the Provision of IBC.

Last updated: 22 January 2021

Court :
NCLT

Brief :
05.01.2021 This Appeal has been filed by the Appellant-Operational Creditor against Impugned Order dated 09th September, 2020 passed in CP (IB) No. 184/BB/2020 by the Adjudicating Authority (NCLT, Bengaluru Bench). By the Impugned Order, the Adjudicating Authority disposed of the Application under Section 9 of Insolvency and Bankruptcy Code, 2016 (IBC in Short) filed by the Appellant as Operational Creditor with a direction to the Respondent (who was not yet served) to settle the issue or the Appellant would be at liberty to file fresh Company Petition.

Citation :
Company Appeal (AT) (Insolvency) No. 916 of 2020