Bhagwati Lacto Vegetarian Exports Pvt. Ltd. (Corporate Debtor/Applicant in IA) filed an application under Section 60(5) of the IBC, 2016, read with Rule 11 of the NCLT Rules, 2016, seeking the rejection and removal from record of a Rejoinder filed by RB Assets And Developers Pvt. Ltd. (Operational Creditor/Petitioner in main CP). The Applicant contended that the Rejoinder, filed on 11.07.2024, was an attempt to rectify defects pointed out in its Reply to the main petition and introduced fresh annexures and new material, which it argued was impermissible and violated principles of natural justice.
Bhagwati Lacto Vegetarian Exports Pvt. Ltd. (Applicant/Corporate Debtor) filed its Reply to the main petition on 29.04.2024.
The Applicant's Reply raised objections, including incomplete ledger accounts with an unexplained opening balance of Rs. 14,39,24,435/-, non-reflection of a Rs. 11,00,000/- payment in the Petitioner's books, omission of various purchase orders and invoices, non-effect of deductions (TDS, Adhat, labour), and inconsistency between the date of default pleaded and the Bank Certificate (Annexure A-9).
The Applicant's Reply was taken on record vide order dated 09.05.2024, granting the Petitioner an opportunity to file a reply.
RB Assets And Developers Pvt. Ltd. (Petitioner/Operational Creditor) subsequently filed a Rejoinder on 11.07.2024.
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The Applicant (Bhagwati Lacto Vegetarian…
The Applicant's Reply was taken on record, and…
Bhagwati Lacto Vegetarian Exports Pvt. Ltd. (Corporate Debtor/Applicant in IA) filed an application under Section 60(5) of the IBC, 2016, read with Rule 11 of the NCLT Rules, 2016, seeking the rejection and removal from record of a Rejoinder filed by RB Assets And Developers Pvt. Ltd. (Operational Creditor/Petitioner in main CP). The Applicant contended that the Rejoinder, filed on 11.07.2024, was an attempt to rectify defects pointed out in its Reply to the main petition and introduced fresh annexures and new material, which it argued was impermissible and violated principles of natural justice.
Bhagwati Lacto Vegetarian Exports Pvt. Ltd. (Applicant/Corporate Debtor) filed its Reply to the main petition on 29.04.2024.
The Applicant's Reply raised objections, including incomplete ledger accounts with an unexplained opening balance of Rs. 14,39,24,435/-, non-reflection of a Rs. 11,00,000/- payment in the Petitioner's books, omission of various purchase orders and invoices, non-effect of deductions (TDS, Adhat, labour), and inconsistency between the date of default pleaded and the Bank Certificate (Annexure A-9).
The Applicant's Reply was taken on record vide order dated 09.05.2024, granting the Petitioner an opportunity to file a reply.
RB Assets And Developers Pvt. Ltd. (Petitioner/Operational Creditor) subsequently filed a Rejoinder on 11.07.2024.
…The Applicant (Bhagwati Lacto Vegetarian…
The Applicant's Reply was taken on record, and…