Tribunals and CommissionsDivision Bench(2024) 09 NCLAT CK 0038

The Nashik Merchants Co-Operative Bank Ltd., Nashik vs Kailash T Shah Erstwhile Resolution Professional of yug Weave Tech Pvt. Ltd.

National Company Law Appellate Tribunal · Decided on 23 September 2024

HON’BLE JUDGES
Ashok Bhushan, Chairperson · Arun Baroka, Member (T)
RESULT
Allowed
CASE NUMBER
Company Appeal (AT) (Insolvency) No. 1835 of 2024 & I.A. No. 6722 of 2024

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

6 paragraphs · 193 words

23.09.2024 : This Appeal has been filed against an Order dated 23.07.2024 passed by the Learned Adjudicating Authority (National Company Law Tribunal, Ahmedabad Bench, Court 2), in I.A. No. 335(AHM)/2023.

2.

The Appellant, the Financial Creditor has challenged the Order and submits that the direction has been issued to pay the fees whereas the Financial Creditor is contesting the payment and the Adjudicating Authority has not decided the entitlement on merits. He, however, candidly admitted that he has not filed the Reply as was directed on 23.07.2024.

3.

The Adjudicating Authority by the Impugned Order has directed the matter to be listed on 23.09.2024 i.e., today, which clearly means that Application I.A. 335/2023 has not yet been finally decided.

4.

Learned  Counsel  for  the  Appellant  further  submits  that  now 18.10.2024 is the next date fixed in the Application.

5.

In the facts of the present case, ends of justice be served in granting two weeks further time to the Appellant to file the Reply to the I.A. 335/2023 as directed on 23.07.2024 and Adjudicating Authority may consider and decide the Application in accordance with law.

With these observations, the Appeal is disposed of.