Export Import Bank Of India vs Chl Ltd on 16 January, 2019
1
NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI
Company Appeal (AT) (Insolvency ... 2017]
IN THE MATTER OF:
Export Import Bank of India ...Appellant
Vs.
CHL Limited ...Respondent
Present: For Appellant: - Mr. Tushar Mehta, Solicitor General, Mr.
Pallav
made a
party to the export/ import contracts nor is it responsible for any obligations
whatsoever under the export/ import contracts.
4. BoEs discounting ... such as 'Export Import Bank of India' are primarily involved in the business
of discounting BoEs for financing export/import transactions. To classify
judgment of this Appellate Tribunal inter
parties in 'Export Import Bank of India vs. Resolution Professional
JEKPL Pvt. Ltd. ' in 'Company Appeal ... which reads as under:-
"63. Having held that the 'Export Import Bank of India'
is 'Financial Creditor' in relation
thereby the observation made at paragraph 60 in 'Export
Import Bank of India & other connected appeals (Supra)' has been affirmed.
5. Learned ... Export
Import Bank of India (Supra)' as quoted below:
"63. Having held that the 'Export Import Bank of India'
is 'Financial
application under Section 9 of the Insolvency and Bankruptcy Code, 2016
("I&B Code" for short). It having admitted by the Adjudicating ... counsel appearing on behalf of the Appellant, Shareholder
of 'Nasban Import and Export Private Limited'- ('Corporate Debtor')
submits that there
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