The case involves a dispute between M/s. Hind Filters Ltd. (Applicant/Petitioner) and M/s. Bhoruka Power Corporation Ltd. (Respondent) regarding an Inter-Corporate loan. Bhoruka Power Corporation approached Hind Filters through an agent, Kumar Brothers, to secure a loan of Rs. 3,00,00,000. Bhoruka received Rs. 2,00,00,000 on 2017-04-03 and Rs. 1,00,00,000 on 2017-04-17 but defaulted on repayment. Hind Filters filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Bhoruka. On 2018-05-11, a compromise petition was filed, and the case was disposed of with the direction that both parties adhere to the terms of the compromise. The current application (I.A. No. 354 of 2018) was filed by Hind Filters seeking to recall the order,
…M/s. Hind Filters Ltd. extended an Inter-Corporate loan to M/s. Bhoruka Power Corporation Ltd. for Rs. 3,00,00,000. Bhoruka Power Corporation received Rs. 2,00,00,000 on 2017-04-03 and Rs. 1,00,00,000 on 2017-04-17. Bhoruka Power Corporation defaulted on the repayment of the outstanding amount. Hind Filters filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Bhoruka Power Corporation. On 2018-05-11, a compromise petition was filed by both parties, and the case was disposed of with the direction that both parties adhere to the terms of the compromise. Hind Filters filed I.A. No. 354 of 2018 seeking to recall the order, alleging non-compliance with the compromise terms, specifically that installments due on 2018-05-31,
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M/s. Bhoruka Power…
M/s. Bhoruka Power…
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The case involves a dispute between M/s. Hind Filters Ltd. (Applicant/Petitioner) and M/s. Bhoruka Power Corporation Ltd. (Respondent) regarding an Inter-Corporate loan. Bhoruka Power Corporation approached Hind Filters through an agent, Kumar Brothers, to secure a loan of Rs. 3,00,00,000. Bhoruka received Rs. 2,00,00,000 on 2017-04-03 and Rs. 1,00,00,000 on 2017-04-17 but defaulted on repayment. Hind Filters filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Bhoruka. On 2018-05-11, a compromise petition was filed, and the case was disposed of with the direction that both parties adhere to the terms of the compromise. The current application (I.A. No. 354 of 2018) was filed by Hind Filters seeking to recall the order,
…M/s. Hind Filters Ltd. extended an Inter-Corporate loan to M/s. Bhoruka Power Corporation Ltd. for Rs. 3,00,00,000. Bhoruka Power Corporation received Rs. 2,00,00,000 on 2017-04-03 and Rs. 1,00,00,000 on 2017-04-17. Bhoruka Power Corporation defaulted on the repayment of the outstanding amount. Hind Filters filed a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Bhoruka Power Corporation. On 2018-05-11, a compromise petition was filed by both parties, and the case was disposed of with the direction that both parties adhere to the terms of the compromise. Hind Filters filed I.A. No. 354 of 2018 seeking to recall the order, alleging non-compliance with the compromise terms, specifically that installments due on 2018-05-31,
…M/s. Bhoruka Power…
M/s. Bhoruka Power…
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