The Appellant, Alloysmin Industries, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process against the Respondent, Raman Casting Private Limited. The Adjudicating Authority rejected the application on the grounds that the demand notice under Section 8 was not properly served at the registered office, despite being sent via courier and returned with the remark 'S/A RTO'.
Alloysmin Industries (Appellant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Raman Casting Private Limited (Respondent/Corporate Debtor) for initiating the Corporate Insolvency Resolution Process. The Adjudicating Authority rejected the application because the demand notice under Section 8 was returned with the remark 'S/A RTO' when sent to the registered office. The Appellant claimed that the demand notice was also served at the Industrial Area Office. The Respondent did not appear despite notices being served at both addresses. The Respondent did not dispute the outstanding claim of Rs. 7,67,675/-. The Appellant also filed an application under Section 9 (in Form 5 at page 29), which shows that the application is complete.
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The Adjudicating Authority (National Company…
The case was adjourned…
The Appellant, Alloysmin Industries, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process against the Respondent, Raman Casting Private Limited. The Adjudicating Authority rejected the application on the grounds that the demand notice under Section 8 was not properly served at the registered office, despite being sent via courier and returned with the remark 'S/A RTO'.
Alloysmin Industries (Appellant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Raman Casting Private Limited (Respondent/Corporate Debtor) for initiating the Corporate Insolvency Resolution Process. The Adjudicating Authority rejected the application because the demand notice under Section 8 was returned with the remark 'S/A RTO' when sent to the registered office. The Appellant claimed that the demand notice was also served at the Industrial Area Office. The Respondent did not appear despite notices being served at both addresses. The Respondent did not dispute the outstanding claim of Rs. 7,67,675/-. The Appellant also filed an application under Section 9 (in Form 5 at page 29), which shows that the application is complete.
The Adjudicating Authority (National Company…
The case was adjourned…