Pawan Kumar Shukla vs M/S Mahaveer Medicare & Anr
- CitationCompany Appeal (AT) (Insolvency) No. 388 of 2024
Ratio decidendi
The rule this decision rests on
A default that occurred before the Section 10A suspension period (commencing 25.03.2020) is not barred by Section 10A, so an application under Section 9 of the Insolvency and Bankruptcy Code founded on such a pre-suspension default is not vitiated by that provision, and admission of the application on that basis discloses no error.
Written by Miss Lucy from the judgment below, not taken from a headnote.
Judgment
As delivered
Company Appeal (AT) (Insolvency) No. 388 of 2024 & I.A. No. 1328 of 2024 IN THE MATTER OF:
Pawan Kumar Shukla ...Appellant(s)
Versus
Mahaveer Medicare & Anr. ...Respondent(s)
Present: For Appellant : Mr. Sunil Fernades, Mr. Amit Bhall, Ms. Diksha Dadu, Ms. Rajshree, Mr. Rajat Sharma, Advocates For Respondents :
ORDER
(Hybrid Mode)
26.02.2024: Heard Learned Counsel for the Appellant.
2. Learned Counsel for the Appellant submits that this appeal has been
filed against the Order admitting Section 9 Application which was barred by
Section 10 A.
3. Learned Counsel for the Appellant submits that Appellant by
amendment application changed the date of default and deleted the claim with
regard to period which was covered by Section 10A. It is submitted that the
amendment was allowed by the Adjudicating Authority which prejudices the
Appellant.
4. The Adjudicating Authority considered the submission of the Appellant
and framed specific issue no. ii with regard to Section 10A. The Adjudicating
Authority after hearing the parties returned a finding that application is not 2
barred by Section 10A since the default was prior to 10A period and it was
held that default was committed prior to Section 10A period i.e. 25.09.2018.
5. We have considered the submissions of Learned Counsel for the
Appellant and perused the record.
6. It is well settled that no application can be filed for any default
committed prior to Section 10A period and the Applicant was permitted to
delete the claim with regard to 10A period and there was admittedly default
prior to 10A period, we do not find any error in admitting Section 9
Application. When the default is committed prior to Section 10A period which
is more than the threshold amount, no error can be said to have been
committed by the Adjudicating Authority in admitting Section 9 Application.
We do not find any merit in the Appeal, the Appeal is dismissed.
[Justice Ashok Bhushan] Chairperson
[Barun Mitra] Member (Technical)
[Arun Baroka] Member (Technical) Basant/nn
Company Appeal (AT) (Insolvency) No.388/2024
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