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NCLAT: Company Appeal by Shareholder Not Maintainable, Dismissed
Case Law Details
- Case Name
- Park Energy Private Limited Vs State Bank of India (NCLAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- NCLAT
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Park Energy Private Limited Vs State Bank of India (NCLAT Chennai)
The National Company Law Appellate Tribunal (NCLAT) in Chennai has dismissed a company appeal filed by Park Energy Private Limited, a shareholder of the Corporate Debtor, Bhadreshwar Vidhyut Private Limited. The appeal challenged an order from the National Company Law Tribunal (NCLT) that admitted a Section 7 application under the Insolvency and Bankruptcy Code (IBC) filed by the financial creditor, State Bank of India, initiating Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor.
The ...
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