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Coffee Day Insolvency Plea Allowed as NCLT Permits Change in Date of Default
Case Law Details
- Case Name
- Rechtsanwalt Dr. Christian Bachmann Vs Coffee Day Global Limited (NCLT Bengaluru)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLT
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Rechtsanwalt Dr. Christian Bachmann Vs Coffee Day Global Limited (NCLT Bengaluru)
The National Company Law Tribunal (NCLT), Bengaluru Bench, allowed an application seeking amendment of the date of default in a pending petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Coffee Day Global Limited. The applicant sought permission to amend the date of default in Form-5 from 27.11.2020 to 30.09.2019, contending that the original date had been mentioned because the Vienna Commercial Court awarded interest from 27.11.2020, whereas the actual first defau...
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