The case involves an application filed by C. Girdharlal Gheewala, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against S.K. Masala & Food Ltd., the corporate debtor. The operational creditor claimed an outstanding debt of Rs. 26,09,959/- for the supply of cashew kernels. The corporate debtor issued post-dated cheques, which were dishonored, and later deposited Rs. 25,000/-. A Memorandum of Understanding (MoU) was executed, but subsequent cheques were also dishonored. A notice was issued under section 138 (B) of the Negotiable Instruments Act, 1881.
C. Girdharlal Gheewala, an operational creditor, filed an application against S.K. Masala & Food Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed an outstanding debt of Rs. 26,09,959/- for supplying cashew kernels. The invoices were dated 19.09.2017. The corporate debtor issued post-dated cheques amounting to Rs. 26,09,959/-, which were dishonored, except for one cheque of Rs. 5,00,000/-. The corporate debtor deposited Rs. 25,000/-. A Memorandum of Understanding (MoU) was executed, but subsequent cheques were also dishonored. A notice was issued under section 138 (B) of the Negotiable Instruments Act, 1881. The respondent did not file any reply or raise any dispute regarding the operational
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Applicant supplied cashew kernels and issued two…
Corporate debtor issued post-dated cheques…
The case involves an application filed by C. Girdharlal Gheewala, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against S.K. Masala & Food Ltd., the corporate debtor. The operational creditor claimed an outstanding debt of Rs. 26,09,959/- for the supply of cashew kernels. The corporate debtor issued post-dated cheques, which were dishonored, and later deposited Rs. 25,000/-. A Memorandum of Understanding (MoU) was executed, but subsequent cheques were also dishonored. A notice was issued under section 138 (B) of the Negotiable Instruments Act, 1881.
C. Girdharlal Gheewala, an operational creditor, filed an application against S.K. Masala & Food Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed an outstanding debt of Rs. 26,09,959/- for supplying cashew kernels. The invoices were dated 19.09.2017. The corporate debtor issued post-dated cheques amounting to Rs. 26,09,959/-, which were dishonored, except for one cheque of Rs. 5,00,000/-. The corporate debtor deposited Rs. 25,000/-. A Memorandum of Understanding (MoU) was executed, but subsequent cheques were also dishonored. A notice was issued under section 138 (B) of the Negotiable Instruments Act, 1881. The respondent did not file any reply or raise any dispute regarding the operational
…Applicant supplied cashew kernels and issued two…
Corporate debtor issued post-dated cheques…