The case pertains to Company Appeal (AT) (Insolvency) No. 335 of 2019 before the National Company Law Appellate Tribunal (NCLAT), New Delhi. The respondent, Shashi Distilleries Pvt. Ltd., admitted to a claim and prepared a draft from 'State Bank of India' for Rs. 2,50,000/- bearing No. 836976 dated 11th October, 2019, which was handed over to the appellant's counsel for onward payment.
Trozen Sales Corporation filed an appeal against Shashi Distilleries Pvt. Ltd. before the NCLAT. The respondent, Shashi Distilleries Pvt. Ltd., admitted to a claim. As part of this claim, the respondent prepared a draft from 'State Bank of India' for Rs. 2,50,000/- bearing No. 836976 dated 11th October, 2019, and handed it over to the appellant's counsel, Mr. Gulshan Kr. Sachdev, for onward payment to the appellant. The NCLAT directed the respondent to pay the remaining amount of Rs. 2,91,068/- to the appellant on or before 7th January, 2020. This suggests that the initial payment of Rs. 2,50,000 was partial and a balance of Rs. 2,91,068 remained outstanding.
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Shashi Distilleries Pvt. Ltd. prepared a…
Mr. Anand Sanjay, counsel for Shashi…
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The case pertains to Company Appeal (AT) (Insolvency) No. 335 of 2019 before the National Company Law Appellate Tribunal (NCLAT), New Delhi. The respondent, Shashi Distilleries Pvt. Ltd., admitted to a claim and prepared a draft from 'State Bank of India' for Rs. 2,50,000/- bearing No. 836976 dated 11th October, 2019, which was handed over to the appellant's counsel for onward payment.
Trozen Sales Corporation filed an appeal against Shashi Distilleries Pvt. Ltd. before the NCLAT. The respondent, Shashi Distilleries Pvt. Ltd., admitted to a claim. As part of this claim, the respondent prepared a draft from 'State Bank of India' for Rs. 2,50,000/- bearing No. 836976 dated 11th October, 2019, and handed it over to the appellant's counsel, Mr. Gulshan Kr. Sachdev, for onward payment to the appellant. The NCLAT directed the respondent to pay the remaining amount of Rs. 2,91,068/- to the appellant on or before 7th January, 2020. This suggests that the initial payment of Rs. 2,50,000 was partial and a balance of Rs. 2,91,068 remained outstanding.
Shashi Distilleries Pvt. Ltd. prepared a…
Mr. Anand Sanjay, counsel for Shashi…
Sign in to view related legal provisions.