This appeal was filed against the order dated 31.07.2020 passed by the National Company Law Tribunal (NCLT), New Delhi, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) filed by the Operational Creditor. The suspended director of the Corporate Debtor filed the appeal.
Royale Resinex Pvt. Ltd. (Operational Creditor) supplied poly propylene to Greatech Telecom Technologies Pvt. Ltd. (Corporate Debtor) as per the demand raised by the Corporate Debtor. The Operational Creditor issued a notice under Section 8 of the Code in Form-3, dated 06.04.2019 to the Corporate Debtor claiming amount of debt as Rs.25,04,630/-. The Operational Creditor filed a Civil Suit No.149 of 2015 against the Corporate Debtor for recovery of amount of Rs.16,44,500/-, which was decreed by Additional District Judge, Rohini Court vide judgment and order dated 08.09.2016. The Operational Creditor filed Execution Petition, which was transferred to the Court of District & Sessions Judge, South District for Execution of the Decree being case No.424 of 2019. The
…Sign in to view the parties.
The Operational Creditor filed a Civil Suit…
The suit was Decreed by Additional District…
This appeal was filed against the order dated 31.07.2020 passed by the National Company Law Tribunal (NCLT), New Delhi, which admitted an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) filed by the Operational Creditor. The suspended director of the Corporate Debtor filed the appeal.
Royale Resinex Pvt. Ltd. (Operational Creditor) supplied poly propylene to Greatech Telecom Technologies Pvt. Ltd. (Corporate Debtor) as per the demand raised by the Corporate Debtor. The Operational Creditor issued a notice under Section 8 of the Code in Form-3, dated 06.04.2019 to the Corporate Debtor claiming amount of debt as Rs.25,04,630/-. The Operational Creditor filed a Civil Suit No.149 of 2015 against the Corporate Debtor for recovery of amount of Rs.16,44,500/-, which was decreed by Additional District Judge, Rohini Court vide judgment and order dated 08.09.2016. The Operational Creditor filed Execution Petition, which was transferred to the Court of District & Sessions Judge, South District for Execution of the Decree being case No.424 of 2019. The
…The Operational Creditor filed a Civil Suit…
The suit was Decreed by Additional District…