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NCLT Rejects CIRP Due to Improper Notice & Section 10A Default Amount Issues
Case Law Details
- Case Name
- Noveltech Feeds Private Limited Vs Gold Chick Hatcheries & Foods Pvt Ltd. (NCLT Hyderabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Noveltech Feeds Private Limited Vs Gold Chick Hatcheries & Foods Pvt Ltd. (NCLT Hyderabad)
The National Company Law Tribunal (NCLT) Hyderabad addressed a petition filed by Noveltech Feeds Private Limited under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Gold Chick Hatcheries & Foods Pvt Ltd. The operational creditor claimed a total outstanding debt of ₹1,29,03,363/- along with interest. However, the corporate debtor contested the application on several grounds, including the ...
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