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Dispensation from convening meeting of unsecured creditors granted post consent affidavit of 90%
Case Law Details
- Case Name
- In re Archernar Brand Technologies Private Limited (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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In re Archernar Brand Technologies Private Limited (NCLAT Delhi)
NCLAT Delhi held that post consent affidavit representing at least 90% of the value of the unsecured creditors, dispensation from convening meeting of unsecured creditors can be granted under section 230(9) of the Companies Act, 2013. Accordingly, the appeal is allowed.
Facts- The present Appeal has been preferred under Section 421 of the Companies Act, 2013, challenging the impugned order dated 10.06.2025 passed by the National Company Law Tribunal (Adjudicating Authority), Chandigarh Bench (Court-II). The said...
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