The case involves a hearing at the National Company Law Tribunal, Chennai Bench, regarding an application under the Insolvency and Bankruptcy Code. The Corporate Debtor's counsel filed a Schedule for Payment, which was rejected by the Operational Creditor. The Corporate Debtor's counsel also presented a Demand Draft to the Operational Creditor's counsel.
The case is before the National Company Law Tribunal (NCLT), Chennai Bench. The Petition Number is IBA/106/2019. Sakthi Ferro Alloys (India) Pvt Ltd is the transferor, and Color Homes Developers Pvt Ltd is the transferee. The Corporate Debtor's counsel filed a Schedule for Payment, which the Operational Creditor rejected. The Corporate Debtor's counsel provided a Demand Draft of Rs.3,76,500/- dated 2019-04-05 drawn on Lakshmi Vilas Bank to the Operational Creditor's counsel. The court directed the Corporate Debtor to file a revised payment schedule with no more than six installments.
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Demand Draft of…
Hearing of Chennai…
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The case involves a hearing at the National Company Law Tribunal, Chennai Bench, regarding an application under the Insolvency and Bankruptcy Code. The Corporate Debtor's counsel filed a Schedule for Payment, which was rejected by the Operational Creditor. The Corporate Debtor's counsel also presented a Demand Draft to the Operational Creditor's counsel.
The case is before the National Company Law Tribunal (NCLT), Chennai Bench. The Petition Number is IBA/106/2019. Sakthi Ferro Alloys (India) Pvt Ltd is the transferor, and Color Homes Developers Pvt Ltd is the transferee. The Corporate Debtor's counsel filed a Schedule for Payment, which the Operational Creditor rejected. The Corporate Debtor's counsel provided a Demand Draft of Rs.3,76,500/- dated 2019-04-05 drawn on Lakshmi Vilas Bank to the Operational Creditor's counsel. The court directed the Corporate Debtor to file a revised payment schedule with no more than six installments.
Demand Draft of…
Hearing of Chennai…
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