Tribunals and CommissionsDivision Bench(2023) 05 NCLAT CK 0075

Neeta Saha vs Assets Care & Reconstruction Enterprise Ltd

National Company Law Appellate Tribunal · Decided on 30 May 2023

HON’BLE JUDGES
Ashok Bhushan, Chairperson · Naresh Salecha, Member (T)
RESULT
Disposed Of
CASE NUMBER
Company Appeal (AT) (Insolvency) Nos. 692, 693 Of 2023

CourtKutchehry membership

More clarity. Every judgment.

Download court copies, explore connected cases and make more of every research session.

Loading membership options…

Ask AI about this case

AI Structured Summary

Not yet generated for this judgment

Judgment

4 paragraphs · 297 words
1.

These Appeals have been filed against the Order dated 10th April, 2023 by which the Adjudicating Authority on an Application under Section 95 of the Code filed by the Financial Creditor has appointed Resolution Professional and directed the Professional to give a report to the Financial Creditor as well as Personal Guarantor.

2.

Learned Counsel for the Appellant submits that no Application under Section 95 was served on the Appellant. He has further referred to Order dated 10.02.2023 of the Adjudicating Authority and submits that in pursuance of the said order also no service was effected on the Appellant. He submits that he could not appear before the Adjudicating Authority due to aforesaid and also could not bring into the notice of the Adjudicating Authority, the NoC which was given by the Financial Creditor dated 30th December, 2022.

3.

From the order impugned, it does appear that Adjudicating Authority has fixed 14th June, 2023 for further consideration. We are of the view that ends of justice will be served in giving an opportunity to the Appellant to file an objection before the Adjudicating Authority on or before 14th June, 2023 which may be considered by the Adjudicating Authority while proceeding further in the matter. Issuing notice to the Respondent and keeping the Appeal pending shall result further delay in matter. In view of the aforesaid, we permit the Appellant to file an objection, it shall be open for the Adjudicating Authority to proceed further after considering objections of the Appellant.

4.

With these observations, the Appeals are disposed of. In view of the fact that we have permitted the Appellant to file an objection, IRP shall not submit any report in the meantime. We make it clear that we are not expressing any opinion on merit.