In the matter of Allied Silica Ltd. Vs. Tata Chemicals Ltd. CA(AT)(Ins) No. 1522 of 2019
In the matter of Allied Silica Ltd. Vs. Tata Chemicals Ltd. CA(AT)(Ins) No. 1522 of 2019
There is a pre-existing dispute as noticed by the Adjudicating Authority while rejecting application under Section 9. It is also submitted that the Appellant do not come within the meaning of ‘Operational Creditor’ as defined under Section 5 (20) and (21) of the
I&B Code.
Respondent has appeared by filing caveat. Learned counsel for the Respondent submits that apart from other issues, there is a pre-existing dispute as noticed by the Adjudicating Authority while rejecting application under Section 9. It is also submitted that the Appellant do not come within the meaning of ‘Operational Creditor’ as defined under Section 5 (20) and (21) of the I&B Code.
Respondent are allowed to file short reply affidavit within 10 days.
Rejoinder, if any, be filed within one week thereof enclosing copy of full Form 5 including the enclosures.
Post the case ‘for orders’ on 5th February, 2020. Appeal may be disposed of on the next date.
[Justice S. J. Mukhopadhaya]
Chairperson
[Justice Bansi Lal Bhat]
Member (Judicial)
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In the matter of Allied Silica Ltd. Vs. Tata Chemicals Ltd. CA(AT)(Ins) No. 1522 of 2019
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