The case involves an appeal against an order related to insolvency proceedings. The Operational Creditor claimed Rs.1,44,00,648/-, including Rs.76,31,711/- for GST payment.
The Operational Creditor claimed Rs.1,44,00,648/-, including Rs.76,31,711/- for GST payment.
The Corporate Debtor allegedly withheld payment because the Operational Creditor did not make the GST payment as per the Purchase Order.
The Appellant is ready to deposit the amount claimed in Part IV of the application within a week.
The court directed the Appellant to deposit Rs.1,44,00,648/- within one week in an interest-bearing account in the name of the Registrar, NCLAT.
The Corporate Debtor shall be kept as a going concern.
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The case involves an appeal against an order related to insolvency proceedings. The Operational Creditor claimed Rs.1,44,00,648/-, including Rs.76,31,711/- for GST payment.
The Operational Creditor claimed Rs.1,44,00,648/-, including Rs.76,31,711/- for GST payment.
The Corporate Debtor allegedly withheld payment because the Operational Creditor did not make the GST payment as per the Purchase Order.
The Appellant is ready to deposit the amount claimed in Part IV of the application within a week.
The court directed the Appellant to deposit Rs.1,44,00,648/- within one week in an interest-bearing account in the name of the Registrar, NCLAT.
The Corporate Debtor shall be kept as a going concern.
Learned counsel for the Appellant submits…
List this App…
Sign in to view related legal provisions.