The case involves an application (IA No. 453/2018) filed in a company petition (CP(IB) No. 219/09/HDB/2018) under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Avishkar Industries Pvt Ltd (operational creditor) against Bevcon Wayors Pvt Ltd (corporate debtor). The operational creditor sought to initiate CIRP against the corporate debtor. The application in question pertains to seeking permission to submit additional documents (S.No. 523 to 863 under Annexure-V & VI) at a late stage in the proceedings.
Avishkar Industries Pvt Ltd, the operational creditor, filed a company petition (CP(IB) No. 219/09/HDB/2018) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Bevcon Wayors Pvt Ltd, the corporate debtor, to initiate CIRP. Subsequently, Avishkar Industries filed IA No. 453/2018 seeking permission to submit additional documents (S.No. 523 to 863 under Annexure-V & VI), claiming they contain essential correspondence. Bevcon Wayors opposed this application, arguing the documents were irrelevant, the operational creditor failed to explain the delay in filing them, and the application aimed to circumvent Section 9 requirements. The date of hearing was 23.10.2018 and 15.11.2018. The order was pronounced on 30th November, 2018.
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Hearing o…
Hearing o…
The case involves an application (IA No. 453/2018) filed in a company petition (CP(IB) No. 219/09/HDB/2018) under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Avishkar Industries Pvt Ltd (operational creditor) against Bevcon Wayors Pvt Ltd (corporate debtor). The operational creditor sought to initiate CIRP against the corporate debtor. The application in question pertains to seeking permission to submit additional documents (S.No. 523 to 863 under Annexure-V & VI) at a late stage in the proceedings.
Avishkar Industries Pvt Ltd, the operational creditor, filed a company petition (CP(IB) No. 219/09/HDB/2018) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Bevcon Wayors Pvt Ltd, the corporate debtor, to initiate CIRP. Subsequently, Avishkar Industries filed IA No. 453/2018 seeking permission to submit additional documents (S.No. 523 to 863 under Annexure-V & VI), claiming they contain essential correspondence. Bevcon Wayors opposed this application, arguing the documents were irrelevant, the operational creditor failed to explain the delay in filing them, and the application aimed to circumvent Section 9 requirements. The date of hearing was 23.10.2018 and 15.11.2018. The order was pronounced on 30th November, 2018.
Hearing o…
Hearing o…