Era Infra Engineering Limited V/s Prideco Commercial Services Private Limited (Company Appeals (AT) (Ins) No. 31 of 2017)

The issue before the Hon'ble National Company Law Appellate Tribunal in the case of Era Infra Engineering Limited V/s Prideco Commercial Services Private Limited (Company Appeals (AT) (Ins) No. 31 of 2017), was if the Corporate Insolvency Procedure Order issued by the Hon'ble Adjudicating Authority and subsequent appointment of Insolvency Resolution Professional and declaration of a moratorium term on the basis of an application filed by Operational Creditor under Section 9 of Insolvency and Bankruptcy Code 2016, was proper as the Operational Creditor had failed to issue demand notice as required under Section 8 of the Insolvency and Bankruptcy Code 2016. 

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