The appeal was filed against the order dated 08.03.2024, which admitted an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 filed by Respondent No. 1 (ASR Logistics India Pvt. Ltd.) against the Corporate Debtor (Leo Creations Pvt. Ltd.) for the resolution of an amount of Rs. 6,47,780/- along with 18% interest per annum.
An application under Section 9 of the Insolvency & Bankruptcy Code, 2016 was filed by ASR Logistics India Pvt. Ltd. against Leo Creations Pvt. Ltd.
The application was for the resolution of an amount of Rs. 6,47,780/- along with 18% interest per annum.
The Operational Creditor claimed that the Corporate Debtor was liable to pay Rs. 13,97,780/- based on 10 invoices.
The Corporate Debtor had already paid Rs. 7,50,000/- out of Rs. 13,97,780/-.
The application was admitted, and Shri Anurag Goel was appointed as the IRP.
The Appellant argued that six invoices were time-barred under Article 137 of the Limitation Act, 1963.
The Appellant also argued that the Learned Tribunal did not consider payments already made by the Corporate Debtor.
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The appeal was filed against the order dated 08.03.2024, which admitted an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 filed by Respondent No. 1 (ASR Logistics India Pvt. Ltd.) against the Corporate Debtor (Leo Creations Pvt. Ltd.) for the resolution of an amount of Rs. 6,47,780/- along with 18% interest per annum.
An application under Section 9 of the Insolvency & Bankruptcy Code, 2016 was filed by ASR Logistics India Pvt. Ltd. against Leo Creations Pvt. Ltd.
The application was for the resolution of an amount of Rs. 6,47,780/- along with 18% interest per annum.
The Operational Creditor claimed that the Corporate Debtor was liable to pay Rs. 13,97,780/- based on 10 invoices.
The Corporate Debtor had already paid Rs. 7,50,000/- out of Rs. 13,97,780/-.
The application was admitted, and Shri Anurag Goel was appointed as the IRP.
The Appellant argued that six invoices were time-barred under Article 137 of the Limitation Act, 1963.
The Appellant also argued that the Learned Tribunal did not consider payments already made by the Corporate Debtor.
…Order passed by which an application filed under…
Notice was issu…