This is an appeal against the order dated 13th July 2022 passed by the Adjudicating Authority (National Company Law Tribunal, Kolkata Bench, Kolkata), which dismissed the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by the Appellant. The Appellant's claim is based on an agreement with the Corporate Debtor to receive ten percent commission on the sale of goods to M/s. Shapoorji Pallonji & Co. Ltd. The appellant alleges that payments due under the commission were not paid, leading to a notice under Section 8 demanding the amount. The Corporate Debtor issued a notice of dispute denying the claim.
Mr. Kuldeep, the Appellant, claimed a commission based on an agreement with Future Netwings Solutions Pvt. Ltd., the Corporate Debtor, for the sale of goods to M/s. Shapoorji Pallonji & Co. Ltd. The Appellant alleged that they were entitled to a ten percent commission on the sale of goods. The Corporate Debtor issued a notice of dispute denying the claim, stating that the Appellant did not secure the contract from Shapoorji Pallonji & Co. Ltd., and they obtained orders from another bidder, Niveshan. The Appellant issued a demand notice under Section 8 of the Code claiming Rs. 1,26,50,000/- as debt due. The Adjudicating Authority dismissed the Section 9 application filed by the Appellant. The Appellant's claim was based on a Memorandum of Understanding dated 1st
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Memorandum of Understanding dated 1st June,…
Acknowledgement issued by email where five…
This is an appeal against the order dated 13th July 2022 passed by the Adjudicating Authority (National Company Law Tribunal, Kolkata Bench, Kolkata), which dismissed the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by the Appellant. The Appellant's claim is based on an agreement with the Corporate Debtor to receive ten percent commission on the sale of goods to M/s. Shapoorji Pallonji & Co. Ltd. The appellant alleges that payments due under the commission were not paid, leading to a notice under Section 8 demanding the amount. The Corporate Debtor issued a notice of dispute denying the claim.
Mr. Kuldeep, the Appellant, claimed a commission based on an agreement with Future Netwings Solutions Pvt. Ltd., the Corporate Debtor, for the sale of goods to M/s. Shapoorji Pallonji & Co. Ltd. The Appellant alleged that they were entitled to a ten percent commission on the sale of goods. The Corporate Debtor issued a notice of dispute denying the claim, stating that the Appellant did not secure the contract from Shapoorji Pallonji & Co. Ltd., and they obtained orders from another bidder, Niveshan. The Appellant issued a demand notice under Section 8 of the Code claiming Rs. 1,26,50,000/- as debt due. The Adjudicating Authority dismissed the Section 9 application filed by the Appellant. The Appellant's claim was based on a Memorandum of Understanding dated 1st
…Memorandum of Understanding dated 1st June,…
Acknowledgement issued by email where five…