The Appellant, Dr. Yogesh Baliram Vargantwar, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process against M/s. Vighnaharta Health Visionaries Private Limited, the Corporate Debtor. The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Mumbai, rejected the application via an order dated March 29, 2019, based on the existence of a pre-existing dispute and the operational creditor's failure to prove an operational debt due on the corporate debtor.
Dr. Yogesh Baliram Vargantwar, the Appellant and Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against M/s. Vighnaharta Health Visionaries Private Limited, the Corporate Debtor. The Adjudicating Authority rejected the application on March 29, 2019, citing a pre-existing dispute and the operational creditor's failure to prove the debt. The Appellant argued that the Corporate Debtor acknowledged a debt of Rs. 94.41 Lakhs in its balance sheet as of March 31, 2017. The Respondent relied on an email from February 22, 2018, to suggest a pre-existing dispute. The Appellant is a partner in a partnership firm who is the Landlord as well as a Professional Doctor
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The Adjudicating Authority (National Company…
The Appellant- Dr. Yogesh Baliram Vargantwar…
The Appellant, Dr. Yogesh Baliram Vargantwar, an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process against M/s. Vighnaharta Health Visionaries Private Limited, the Corporate Debtor. The Adjudicating Authority (National Company Law Tribunal), Mumbai Bench, Mumbai, rejected the application via an order dated March 29, 2019, based on the existence of a pre-existing dispute and the operational creditor's failure to prove an operational debt due on the corporate debtor.
Dr. Yogesh Baliram Vargantwar, the Appellant and Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process against M/s. Vighnaharta Health Visionaries Private Limited, the Corporate Debtor. The Adjudicating Authority rejected the application on March 29, 2019, citing a pre-existing dispute and the operational creditor's failure to prove the debt. The Appellant argued that the Corporate Debtor acknowledged a debt of Rs. 94.41 Lakhs in its balance sheet as of March 31, 2017. The Respondent relied on an email from February 22, 2018, to suggest a pre-existing dispute. The Appellant is a partner in a partnership firm who is the Landlord as well as a Professional Doctor
…The Adjudicating Authority (National Company…
The Appellant- Dr. Yogesh Baliram Vargantwar…