Jaypee Infratech Limited (JIL), an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016 against Jaypee Healthcare Limited (JHL), the Corporate Debtor, for non-payment of an operational debt amounting to Rs. 18.44 Crores. JIL alleged that JHL failed to pay outstanding electricity dues despite admitting the debt.
Jaypee Infratech Limited (JIL) filed a petition against Jaypee Healthcare Limited (JHL) under Section 9 of the IBC for non-payment of operational debt.
The operational debt claimed by JIL amounted to Rs. 18.44 Crores, excluding interest and charges, related to outstanding electricity dues.
JIL had previously filed a similar petition before the NCLT, New Delhi Bench, which was not registered due to defects.
JHL argued that JIL had tampered with judicial documents, including affidavits and vakalatnamas, by altering the heading and re-using them for the present petition.
JHL also alleged that JIL had suppressed the filing of the earlier petition and had served the present petition on JHL only after the Tribunal's directions, violating the IBC rules.
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Jaypee Infratech Limited (JIL), an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016 against Jaypee Healthcare Limited (JHL), the Corporate Debtor, for non-payment of an operational debt amounting to Rs. 18.44 Crores. JIL alleged that JHL failed to pay outstanding electricity dues despite admitting the debt.
Jaypee Infratech Limited (JIL) filed a petition against Jaypee Healthcare Limited (JHL) under Section 9 of the IBC for non-payment of operational debt.
The operational debt claimed by JIL amounted to Rs. 18.44 Crores, excluding interest and charges, related to outstanding electricity dues.
JIL had previously filed a similar petition before the NCLT, New Delhi Bench, which was not registered due to defects.
JHL argued that JIL had tampered with judicial documents, including affidavits and vakalatnamas, by altering the heading and re-using them for the present petition.
JHL also alleged that JIL had suppressed the filing of the earlier petition and had served the present petition on JHL only after the Tribunal's directions, violating the IBC rules.
…The judgeme…
The Operational Creditor initially filed the…
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