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Recovery suit interrupted by NCLT orders, what to do


02-Mar-2023 (In Civil Law)
SUIT SINCE 19 YRS IN FINAL ARGUMENT STAGE WITH U B ENGINEERING LTD.THEY FILED CASE WITHOUT POWER OF ATTORNEY,WITHOUT ANY ORIGINAL DOCUMENT BUT WITH COUNTER CLAIM. 0N 17/02/17 THEY INFORMED COURT WITH NCLT ORDER OF INSOLVENCY WITHOUT ANY POWER OF ATTORNEY OF BOARD. NCLT ORDER IS FOR FIVE BANKS LIABILITY ONLY .OUR LIABILITY IS NOT INCLUDED IN THAT ORDER.PL GUIDE THE LEGAL POSITION AND COURSE OF ACTION FROM OUR SIDE
Answers (3)

Answer #1
671 votes
MY OPINION THAT your matter is actually is not in matured position if all these happens & you have every scope to challenge & move in many ways in legal field, as well as you have to move at competent higher forum for the actual out put, you have get counter action immediately.
Answer #2
979 votes
Sir your question needs further details ... kindly give proper and full details
as well as case number and order copy so that i get the actual facts clear
without which its not possible to give you right view.

Thank You
Answer #3
514 votes
Look. you say NCLT order is for Five Banks Liability only and your Liability is not included in that Order. My question is this, whether in NCLT your Bank became a Party? I think not.
However, I don't know what is their Counter Claim. is they state regarding their Insolvency position or not. The Court in which Suit is going on can proceed in its own way.

File your claim now in the Jaypee insolvency and delay matter.

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