The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The respondent debtor raised a legal objection stating that the invoices related to the operational debt belong to the year 2012. The petitioner did not raise any serious objection in defense.
Melgiri Enterprises filed a petition against Shankarsheth Polymers Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming an operational debt of ₹8,43,474/-. Shankarsheth Polymers Pvt. Ltd. raised a legal objection, stating that the invoices related to the debt belonged to the year 2012. Melgiri Enterprises did not raise any serious objection in defense. The court considered the evidence on record and the position of law regarding limitation. The court found that the debt in question was barred by limitation.
Sign in to view the parties.
Hearing of the Mumbai…
CP(IB)-50(MB)/…
The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The respondent debtor raised a legal objection stating that the invoices related to the operational debt belong to the year 2012. The petitioner did not raise any serious objection in defense.
Melgiri Enterprises filed a petition against Shankarsheth Polymers Pvt. Ltd. under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming an operational debt of ₹8,43,474/-. Shankarsheth Polymers Pvt. Ltd. raised a legal objection, stating that the invoices related to the debt belonged to the year 2012. Melgiri Enterprises did not raise any serious objection in defense. The court considered the evidence on record and the position of law regarding limitation. The court found that the debt in question was barred by limitation.
Hearing of the Mumbai…
CP(IB)-50(MB)/…