New Delhi: In a big assistance for the HCL Technologies company, the National Company Appellate Tribunal (NCL) law has still processed the insolvencion process which began in a creditor application.
Nclat bench two members, acknowledged the petition submitted by HCL Tech MD and C Vijayakumar CEO Live The National Law Tribunal (NCLT) Order January 17, 2022, to start bankruptcy of the Department of IT.
The Appellate Tribunal also issued a notice to Sahhaj Bharti Travels, who had claimed the default RS 3.54 Crore by HCL Tech, to submit a reply within two weeks and also given a week to the IT company to re-apply.
NCLAT has been directed to register a problem on February 16 for the next hearing.
“Meanwhile, orders on January 17, 2022, authorized by the Teaching Authority (NCLT) will remain,” NClat bench led by Chairman of Justice Ashok Bhushan.
A HCL spokesman said: “The company has appealed to NClat, who has lived in NCLT Order”.
On January 17, 2022, NCLT had directed the initiation of the bankruptcy process against HCL Tech, acknowledging the default of the claims of RS 3.54 Crore by Sahhaj Bharti.
NCLT orders are challenged by HCL Tech MD before NCLlat Appealing Court.
HCL Tech has proposed that it is not a case where the resolution process must begin.
Travel Sahhaj Bharti has demanded a number of Hospital 3.54 Crore in a minimum guarantee claim of transport costs from April 30, 2015, until December 31, 2018.
However – HCL Tech when submitting a reply on June 25, 2019 – has denied claims and indicates that the minimum guarantee claim is not paid Because there is a violation of conditions and penalty also imposed on the cabin operator.
HCL Tech also said all payments about invoices issued by operational creditors have been made.
Apparing it, NClat said: “We have looked into a reply by notification of disputes given, which shows that true disputes raised by corporate debtors (HCl)”.
Further observed that NCLT continued to decide.
Disputes between parties such as civil courts, which should not be done.
“We are satisfied that this case has been made to provide temporary assistance,” NClat said when it was still ordered.
NClat continues the bankruptcy process against HCL Tech
