2019 (9) TMI 1404 - Tri - Insolvency and Bankruptcy

Demand of the amount of ₹2.3 crores to be paid by Orbit Lifescience Private Limited on the basis of the observations made by the NCLAT - HELD THAT - All the parties shall file their respective submissions before the next date of hearing. The Resolution Applicant, Resolution Professional as well as the Lenders of the Resolution Applicant shall file their convenience compilations and the Resolution Applicant shall also file an affidavit with regard to the latest amendment made to Section 30 (2) of the Code before the next date of bearing - List the CA on 17.10.2019.

Summary

The National Company Law Tribunal, Chandigarh heard arguments in various cases. In CA No.389/2019, parties to submit submissions on the amount to be paid by Orbit Lifescience Private Limited. The Resolution Applicant and others to file compilations and affidavit by next hearing on 17.10.2019.