The case arises from an order passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, regarding a corporate insolvency resolution process. The respondent supplied steel to the appellant, and a dispute arose regarding outstanding payments and interest on the delayed payments. The appellant filed an appeal against the order of the Adjudicating Authority.
M/s B.E. Billimoria and Company Ltd. (Appellant) filed an appeal against an order passed by the Adjudicating Authority on January 25, 2019. M/s Vikram Ispat Udyog (Respondent) supplied Tiscon TMT Steel Coil/Bar to the Appellant between August 25, 2015, and December 19, 2015, worth Rs. 2,16,73,188. The Appellant made a payment of Rs. 1,17,93,537, leaving an outstanding amount of Rs. 98,79,591. On August 19, 2017, the Respondent sent a Demand Notice. The Respondent, dissatisfied with the Appellant's reply, filed an application under Section 9 of the I&B Code to initiate Corporate Insolvency Resolution Process. The Adjudicating Authority granted adjournments for settlement at the request of the parties. On January 25, 2019, both parties informed the Adjudicating
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Respondent supplied Tiscon TMT Steel Coil/Bar…
End date of the period during which Respondent…
The case arises from an order passed by the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, regarding a corporate insolvency resolution process. The respondent supplied steel to the appellant, and a dispute arose regarding outstanding payments and interest on the delayed payments. The appellant filed an appeal against the order of the Adjudicating Authority.
M/s B.E. Billimoria and Company Ltd. (Appellant) filed an appeal against an order passed by the Adjudicating Authority on January 25, 2019. M/s Vikram Ispat Udyog (Respondent) supplied Tiscon TMT Steel Coil/Bar to the Appellant between August 25, 2015, and December 19, 2015, worth Rs. 2,16,73,188. The Appellant made a payment of Rs. 1,17,93,537, leaving an outstanding amount of Rs. 98,79,591. On August 19, 2017, the Respondent sent a Demand Notice. The Respondent, dissatisfied with the Appellant's reply, filed an application under Section 9 of the I&B Code to initiate Corporate Insolvency Resolution Process. The Adjudicating Authority granted adjournments for settlement at the request of the parties. On January 25, 2019, both parties informed the Adjudicating
…Respondent supplied Tiscon TMT Steel Coil/Bar…
End date of the period during which Respondent…