This is an appeal filed by Anoop Kumar Chhawchharia, Director & Shareholder of ANR International Pvt. Ltd. (Corporate Debtor), under Section 61 of the Insolvency and Bankruptcy Code, 2016, against the order dated 19.04.2021 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench – VI in CP(IB) No.1623/ND/2019. The Adjudicating Authority initiated Corporate Insolvency Resolution Process (CIRP) based on the observation that the Operational Creditor had elaborately explained the faulty procedure followed by the Corporate Debtor in sending invoices to a different company address, lack of proof of delivery, sending material on a single day which is humanly impossible, using cranes instead of trucks, and offences committed by the Corporate
…Anoop Kumar Chhawchharia, Director & Shareholder of ANR International Pvt. Ltd., filed an appeal against the order of the Adjudicating Authority (NCLT), New Delhi, which initiated Corporate Insolvency Resolution Process (CIRP) against ANR International Pvt. Ltd. The Operational Creditor claimed that the Corporate Debtor followed a faulty procedure in sending invoices to a different company address, lacked proof of delivery, sent material on a single day which is humanly impossible, used cranes instead of trucks, and committed offences under the CGST Act. The Corporate Debtor argued that it is a profit-making and solvent company with a net worth of Rs.72 Crores and a turnover of Rs.400 Crores, and that a valid pre-existing dispute exists. The Corporate Debtor also
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The Adjudicating Authority (National Company…
The Appellate Tribunal dismissed the appeal…
This is an appeal filed by Anoop Kumar Chhawchharia, Director & Shareholder of ANR International Pvt. Ltd. (Corporate Debtor), under Section 61 of the Insolvency and Bankruptcy Code, 2016, against the order dated 19.04.2021 passed by the Adjudicating Authority (National Company Law Tribunal), New Delhi Bench – VI in CP(IB) No.1623/ND/2019. The Adjudicating Authority initiated Corporate Insolvency Resolution Process (CIRP) based on the observation that the Operational Creditor had elaborately explained the faulty procedure followed by the Corporate Debtor in sending invoices to a different company address, lack of proof of delivery, sending material on a single day which is humanly impossible, using cranes instead of trucks, and offences committed by the Corporate
…Anoop Kumar Chhawchharia, Director & Shareholder of ANR International Pvt. Ltd., filed an appeal against the order of the Adjudicating Authority (NCLT), New Delhi, which initiated Corporate Insolvency Resolution Process (CIRP) against ANR International Pvt. Ltd. The Operational Creditor claimed that the Corporate Debtor followed a faulty procedure in sending invoices to a different company address, lacked proof of delivery, sent material on a single day which is humanly impossible, used cranes instead of trucks, and committed offences under the CGST Act. The Corporate Debtor argued that it is a profit-making and solvent company with a net worth of Rs.72 Crores and a turnover of Rs.400 Crores, and that a valid pre-existing dispute exists. The Corporate Debtor also
…The Adjudicating Authority (National Company…
The Appellate Tribunal dismissed the appeal…