The case involves a dispute regarding the payment of pending dues/custom duty by the Corporate Debtor, specifically those dues that arose immediately prior to the commencement of the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) has stated that there is no conflict of interest between the RP and the Custom Department regarding the payment of custom duty during the CIRP period. However, the counsel for the Suspended Management is pushing for directions to the RP to make these payments.
The Corporate Debtor, Satya Narayan Jhunjhunwala V/s. JVL Agro Industires Ltd., is undergoing CIRP. A dispute has arisen regarding the payment of pending custom duty. The RP claims no conflict of interest with the Custom Department regarding payments during the CIRP. The Suspended Management is advocating for the RP to pay dues that predate the CIRP to prevent coercive actions against the Corporate Debtor's employees. The Custom Department disputes these facts and denies any coercive measures are being taken or contemplated. The court acknowledges 'debatable ground' exists.
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Order sheet of the…
The matter is…
The case involves a dispute regarding the payment of pending dues/custom duty by the Corporate Debtor, specifically those dues that arose immediately prior to the commencement of the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional (RP) has stated that there is no conflict of interest between the RP and the Custom Department regarding the payment of custom duty during the CIRP period. However, the counsel for the Suspended Management is pushing for directions to the RP to make these payments.
The Corporate Debtor, Satya Narayan Jhunjhunwala V/s. JVL Agro Industires Ltd., is undergoing CIRP. A dispute has arisen regarding the payment of pending custom duty. The RP claims no conflict of interest with the Custom Department regarding payments during the CIRP. The Suspended Management is advocating for the RP to pay dues that predate the CIRP to prevent coercive actions against the Corporate Debtor's employees. The Custom Department disputes these facts and denies any coercive measures are being taken or contemplated. The court acknowledges 'debatable ground' exists.
Order sheet of the…
The matter is…