In the matter of Amit Agarwal, RP of The Corporate Debtor Boulevard Projects Pvt. Ltd. Vs. Ziasess Ventures Ltd. CA(AT)(Ins) No. 530 of 2020

parties to file short written submission, not more than three pages, alongwith the compilation of judgments.

The issue raised in this appeal is that the compulsorily convertible debentures issued by the Corporate Debtor in favour of the Respondent were in the nature of an equity investment not classifying as a ‘Financial Debt’.

Mr. Saurabh Aggarwal, learned counsel accepting notice on behalf of the Respondent submits that appeal is not maintainable.

Since service is complete, let the Respondent file reply. Reply be filed within 10 days. Mr. Arun Kathpalia, learned senior counsel representing the Appellant does not intend to file rejoinder. However, it will be open to both the parties to file short written submission, not more than three pages, alongwith the compilation of judgments.

The insolvency proceeding before the Tribunal shall be subject to outcome of this appeal.

[Justice Bansi Lal Bhat]

Acting Chairperson

[Justice Jarat Kumar Jain]

Member (Judicial)

[Ms. Shreesha Merla]

Member (Technical)

Similar Ripples

Questions

There is no question

In the matter of Amit Agarwal, RP of The Corporate Debtor Boulevard Projects Pvt. Ltd. Vs. Ziasess Ventures Ltd. CA(AT)(Ins) No. 530 of 2020

Write your Comment

Generic

Reportdata/1798.pdf

Would you like to edit this news ? Edit

Select Format

You get opportunity to take 30 day Challenge program.

Optional

Advanced

You get opportunity to take 30 day Challenge program.

Optional

Add tags

You get opportunity to take 30 day Challenge program.

Optional

PUBLISH IT

Don't sell
PUBLISH IT
Publish privately
SAVE AS DRAFT

Dont't publish now

The issue raised in this appeal is that the compulsorily
convertible debentures issued by the Corporate Debtor in favour of the
Respondent were in the nature of an equity investment not classifying as a
‘Financial Debt’.

Mr. Saurabh Aggarwal, learned counsel accepting notice on behalf of the
Respondent submits that appeal is not maintainable.

Since service is complete, let the Respondent file reply. Reply be filed
within 10 days. Mr. Arun Kathpalia, learned senior counsel representing the
Appellant does not intend to file rejoinder. However, it will be open to both the parties to file short written submission, not more than three pages, alongwith the compilation of judgments.

The insolvency proceeding before the Tribunal shall be subject to outcome
of this appeal.

[Justice Bansi Lal Bhat] 
Acting Chairperson

[Justice Jarat Kumar Jain] 
Member (Judicial)

[Ms. Shreesha Merla] 
Member (Technical)

Mr. Saurabh Aggarwal, learned counsel accepting notice on behalf of the
Respondent submits that appeal is not maintainable.

Since service is complete, let the Respondent file reply. Reply be filed
within 10 days. Mr. Arun Kathpalia, learned senior counsel representing the
Appellant does not intend to file rejoinder. However, it will be open to both the parties to file short written submission, not more than three pages, alongwith the compilation of judgments.

The insolvency proceeding before the Tribunal shall be subject to outcome
of this appeal.

[Justice Bansi Lal Bhat] 
Acting Chairperson

[Justice Jarat Kumar Jain] 
Member (Judicial)

[Ms. Shreesha Merla] 
Member (Technical)

Hi Thakurani,
I want to withdraw in my Thakurani wallet
Thanks,

Select the reason for validity check

I feel great..the news is still good.please give the reason too..thanks..

Why do you think the News as invalid?” Please mention the reason.

I appreciate your effort. May I request you to select one of the reasons from below.
I am marking this post and your reason to Thakurani Moderators. They will take appropriate action.
Thanks,

Write your reason

My Dear ,

Harassing

Spam

Ingenuine

Rotten

Alien

Plagiarism

Unformatted

In the matter of Amit Agarwal, RP of The Corporate Debtor Boulevard Projects Pvt. Ltd. Vs. Ziasess Ventures Ltd. CA(AT)(Ins) No. 530 of 2020