2022 (10) TMI 1273

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....) For the Appellant : Mohd Nazim Khan, PCS along with Garmia K Watra. For the Respondent : None ORDER Heard Ld. PCS appearing for the Appellant. 2. This Appeal has been filed against the Order dated 17th August, 2022 passed by the National Company Law Tribunal, New Delhi, Bench-IV. By which Order, the Adjudicating Authority has rejected the Application being Company Petition No. (IB)-297(ND)/....

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.... the Sale Agreement dated 27.08.2020 as relied by both the parties, as per clause 2 of the said Sale Agreement the schedule for payment agreed between the parties is presented overleaf:- 2) Second Party agreed to pay the entire amount to first party as per schedule mentioned hereinafter. S. No. Bank Name Date Mode of Payment Amount 1. AU Small Finance Bank 16-09-2020 RTGS/NEFT 1,00,00,....

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....process of a corporate debtor shall be filed, for any default arising on or after 25th March, 2020 for a period of six months or such further period, not exceeding one year from such date, as may be notified in this behalf: Provided that no application shall ever be filed for initiation of corporate insolvency resolution process of a corporate debtor for the said default occurring during the sai....