This is an appeal filed by an Operational Creditor challenging the order dated 10.06.2021 passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata, which dismissed the Appellant's application under Section 9 of the Insolvency and Bankruptcy Code, 2016 ('I&B Code'). The application was dismissed because the amount claimed, Rs.41,10,166/-, was below the threshold limit of Rupees One Crore.
Hyline Mediconz Private Limited (Appellant) rendered services related to the installation of Modulation Operation Theatre and General Operation Theatre along with the supply of related equipment to Anandaloke Medical Centre Private Limited (Respondent). The Appellant raised invoices to the Respondent from 24.07.2018 to 31.03.2019. A Demand Notice dated 05.03.2020 under Section 8 of the I&B Code was issued demanding an amount of Rs.41,10,166/-, including principal and interest. The demand notice was delivered on 11.03.2020. Subsequently, an application under Section 9 was filed by the Operational Creditor on 18.01.2021. The Adjudicating Authority rejected the application, accepting the Corporate Debtor's submission that the amount claimed was below the threshold
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Invoices were raised by…
Invoices were raised by…
This is an appeal filed by an Operational Creditor challenging the order dated 10.06.2021 passed by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata, which dismissed the Appellant's application under Section 9 of the Insolvency and Bankruptcy Code, 2016 ('I&B Code'). The application was dismissed because the amount claimed, Rs.41,10,166/-, was below the threshold limit of Rupees One Crore.
Hyline Mediconz Private Limited (Appellant) rendered services related to the installation of Modulation Operation Theatre and General Operation Theatre along with the supply of related equipment to Anandaloke Medical Centre Private Limited (Respondent). The Appellant raised invoices to the Respondent from 24.07.2018 to 31.03.2019. A Demand Notice dated 05.03.2020 under Section 8 of the I&B Code was issued demanding an amount of Rs.41,10,166/-, including principal and interest. The demand notice was delivered on 11.03.2020. Subsequently, an application under Section 9 was filed by the Operational Creditor on 18.01.2021. The Adjudicating Authority rejected the application, accepting the Corporate Debtor's submission that the amount claimed was below the threshold
…Invoices were raised by…
Invoices were raised by…