2023 (12) TMI 259 - SCH - Insolvency and Bankruptcy

Maintainability of application u/s 7 of IBC - initiation of CIRP - legitimate loan transactions between the Appellant and the Corporate Debtor or not - HELD THAT - There are no reason to interfere with the order of the National Company Law Appellate Tribunal in GP. CAPT ATUL JAIN (RETD.) VERSUS TRIPATHI HOSPITAL PVT. LTD., DR. BIRENDRA KR. TRIPATHI, DR. MRS. NIDHI TRIPATHI, DR. MRS. MANJU LATA TRIPATHI, MS. SUNAYANA AGARWAL, DR. MANOJ AGARWAL, DR. MAYAK GUPTA, MRS. RAKHI SHUKLA, M/S HERITAGE HOSPITALS LTD. 2023 (7) TMI 1242 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHI since no substantial question of law is involved in the appeal. Appeal dismissed.

Summary

The Supreme Court dismissed the appeal as no substantial question of law was involved in the case. The order of the National Company Law Appellate Tribunal dated 27 July 2023 in Company Appeal (AT)(Insolvency) No 655 of 2020 was upheld.