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Partial Loan Disbursement No Bar to Section 7 Proceedings: NCLAT Delhi
Case Law Details
- Case Name
- Ammeet Kamal Agarwal Suspended Director of Supreme Transport Organisation Pvt. Ltd. Vs Axis Bank Ltd. & Anr. (NCLAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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Ammeet Kamal Agarwal Suspended Director of Supreme Transport Organisation Pvt. Ltd. Vs Axis Bank Ltd. & Anr. (NCLAT Delhi)
The appeal was filed by Ammeet Kamal Agarwal, the Suspended Director of Supreme Transport Organisation Pvt. Ltd. (Corporate Debtor – CD), challenging the Adjudicating Authority’s order dated 08.09.2023, which admitted the application filed by Axis Bank Ltd. (Financial Creditor) under Section 7 of the Insolvency and Bankruptcy Code (IBC).
Debt and Adjudicating Authority’s Finding
Axis Bank filed the Section 7 application claiming a debt and default of ...
Author Info
