The case involves a petition filed by Mr. Tarun Khanna, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against M/s. Deltronix India Limited, the Corporate Debtor. The Operational Creditor seeks to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for unpaid legal service fees. The Corporate Debtor denies the debt, claiming payments were made and disputes exist.
Mr. Tarun Khanna, an advocate, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, as an Operational Creditor against M/s. Deltronix India Limited, the Corporate Debtor, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) for an outstanding debt of Rs. 11,17,000/- for legal services rendered. The Corporate Debtor denied the debt, claiming that payments were made and disputes existed. The Corporate Debtor issued several cheques to the Operational Creditor, two of which were dishonored with the remark 'Payment Stopped By Drawer.' The Operational Creditor issued a demand notice dated 24.09.2019 under Section 8 of the IBC, 2016. The Corporate Debtor claimed to have made payments to Smt. Aarushi Tiku for services related to Mr.
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The Insolvency and…
Operational Creditor…
The case involves a petition filed by Mr. Tarun Khanna, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against M/s. Deltronix India Limited, the Corporate Debtor. The Operational Creditor seeks to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for unpaid legal service fees. The Corporate Debtor denies the debt, claiming payments were made and disputes exist.
Mr. Tarun Khanna, an advocate, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, as an Operational Creditor against M/s. Deltronix India Limited, the Corporate Debtor, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) for an outstanding debt of Rs. 11,17,000/- for legal services rendered. The Corporate Debtor denied the debt, claiming that payments were made and disputes existed. The Corporate Debtor issued several cheques to the Operational Creditor, two of which were dishonored with the remark 'Payment Stopped By Drawer.' The Operational Creditor issued a demand notice dated 24.09.2019 under Section 8 of the IBC, 2016. The Corporate Debtor claimed to have made payments to Smt. Aarushi Tiku for services related to Mr.
…The Insolvency and…
Operational Creditor…