The case involves a dispute between Consultant Combustion Engineers (Operational Creditor) and OSL Healthcare Pvt. Ltd. (Corporate Debtor) under Section 9 of the IBC, 2016. The Corporate Debtor has been taken over by a new management. The Petitioner seeks reconciliation of accounts, but the possibility appears remote due to the peculiar facts of the case. The respondent claims to have uncovered discrepancies and conducted an audit after taking over.
Consultant Combustion Engineers (Operational Creditor) filed a case against OSL Healthcare Pvt. Ltd. (Corporate Debtor) under Section 9 of the IBC, 2016. The Corporate Debtor has undergone a change in management. The Petitioner requested a reconciliation of accounts. The new management of the Corporate Debtor claims to have uncovered discrepancies and conducted an audit. The Petitioner opposes the submission of the audit report, stating it was not mentioned in the reply to the Section 8 notice. The court acknowledges the operational creditor's argument that the new management is liable for the previous management's debts.
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Hearing before the New…
Case adjourn…
The case involves a dispute between Consultant Combustion Engineers (Operational Creditor) and OSL Healthcare Pvt. Ltd. (Corporate Debtor) under Section 9 of the IBC, 2016. The Corporate Debtor has been taken over by a new management. The Petitioner seeks reconciliation of accounts, but the possibility appears remote due to the peculiar facts of the case. The respondent claims to have uncovered discrepancies and conducted an audit after taking over.
Consultant Combustion Engineers (Operational Creditor) filed a case against OSL Healthcare Pvt. Ltd. (Corporate Debtor) under Section 9 of the IBC, 2016. The Corporate Debtor has undergone a change in management. The Petitioner requested a reconciliation of accounts. The new management of the Corporate Debtor claims to have uncovered discrepancies and conducted an audit. The Petitioner opposes the submission of the audit report, stating it was not mentioned in the reply to the Section 8 notice. The court acknowledges the operational creditor's argument that the new management is liable for the previous management's debts.
Hearing before the New…
Case adjourn…