The case involves an application filed by Jain Stainless under CP(IB)/28(CHE)/2021. The Adjudicating Authority sought clarification on the application, which was filed for the recovery of Rs.70,13,520. The jurisdiction of the Adjudicating Authority had been raised from Rs.1 Lakh to Rs.1 Crore on 24.03.2020. The application was posted for hearing on 29.04.2021 to determine its maintainability.
Jain Stainless filed an application under CP(IB)/28(CHE)/2021 for the recovery of Rs.70,13,520. The pecuniary jurisdiction of the Adjudicating Authority was raised from Rs.1 Lakh to Rs.1 Crore on 24.03.2020. The application was heard on 29.04.2021 to determine its maintainability. The application was dismissed because it fell below the pecuniary jurisdiction of the Adjudicating Authority. A cost of Rs.10,000 was imposed, payable to the Prime Minister Relief Fund within two weeks.
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The case involves an application filed by Jain Stainless under CP(IB)/28(CHE)/2021. The Adjudicating Authority sought clarification on the application, which was filed for the recovery of Rs.70,13,520. The jurisdiction of the Adjudicating Authority had been raised from Rs.1 Lakh to Rs.1 Crore on 24.03.2020. The application was posted for hearing on 29.04.2021 to determine its maintainability.
Jain Stainless filed an application under CP(IB)/28(CHE)/2021 for the recovery of Rs.70,13,520. The pecuniary jurisdiction of the Adjudicating Authority was raised from Rs.1 Lakh to Rs.1 Crore on 24.03.2020. The application was heard on 29.04.2021 to determine its maintainability. The application was dismissed because it fell below the pecuniary jurisdiction of the Adjudicating Authority. A cost of Rs.10,000 was imposed, payable to the Prime Minister Relief Fund within two weeks.
The jurisdiction of the…
The Adjudicating…
Sign in to view related legal provisions.