2019 (8) TMI 1698

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..... J. MUKHOPADHAYA, CHAIRPERSON, JUSTICE A.I.S. CHEEMA, MEMBER (JUDICIAL) AND KANTHI NARAHARI, MEMBER (TECHNICAL) For the Appellant : Mr. Javeed Hussain amd Mr. Ashish Rana, Advocates. ORDER An application for substitution has been filed by Mr. Imran Iqbal Khan, Director of 'Corporate Debtor' - M/s Excel Metal Processor Limited, to substitute him as the Appellant in place of M/s Excel Meta....

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....solvency and Bankruptcy Code, 2016 (for short the 'I&B Code') against Excel Metal Processors Private Limited ('Corporate Debtor') alleging that the 'Corporate Debtor' committed default on 27th March, 2016 in making the payment to an extent of US $1,258,219.42 inclusive of interest @ 15% per annum. The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench by impugned order dated 25th....

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....nk of Baroda and Anr. - Company Appeal (AT) (Insolvency) No.82 of 2018 etc. decided on 14th November, 2018 wherein it was held that 'Corporate Insolvency Resolution Process'/ insolvency proceedings is not a 'suit' or a 'litigation' or a 'money claim' for any litigation; No one is selling or buying the 'Corporate Debtor' a 'Resolution Plan'; It is not an auction; it is not a recovery, which is an i....

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....uarantors thereof shall be the National Company Law Tribunal having territorial jurisdiction over the place where the registered office of the corporate person is located". As admittedly, the Registered Office of the 'Corporate Debtor' namely - Excel Metal Processors Private Limited is situated at 132, B, Mittal Towers Nariman Point, Mumbai-400021, we hold that the National Company Law Tribunal, M....