The case involves a petition filed under Section 9 of the IBC. During the hearing, the Learned Counsel for the Respondent stated that an affidavit was filed by Mr. Sivaraman, Managing Director of the Corporate Debtor, which was received by the Tribunal on 21.09.2020 via email. The Learned Counsel for the Petitioner stated that based on the statements in paragraph '9' of the affidavit, the petition could be disposed of.
Onward Chemicals Pvt Ltd filed a petition against Star Thermoplastic Road Markings Pvt Ltd under Section 9 of the IBC. During the hearing, the respondent's counsel stated that an affidavit was filed by Mr. Sivaraman, the Managing Director of the corporate debtor, which was received by the tribunal via email on 2020-09-21. The petitioner's counsel stated that based on the statements in paragraph '9' of the affidavit, the petition could be disposed of. Paragraph '9' of the affidavit states that if the respondent has not claimed the GST refund from the GST department, the petitioner is inclined to claim the GST refund, and therefore there shall not be any outstanding amount pending from the respondent to the petitioner. The corporate debtor provided an undertaking that
…Sign in to view the parties.
Affidavit filed by Mr. Sivaraman, Managing…
Corporate Debtor…
The case involves a petition filed under Section 9 of the IBC. During the hearing, the Learned Counsel for the Respondent stated that an affidavit was filed by Mr. Sivaraman, Managing Director of the Corporate Debtor, which was received by the Tribunal on 21.09.2020 via email. The Learned Counsel for the Petitioner stated that based on the statements in paragraph '9' of the affidavit, the petition could be disposed of.
Onward Chemicals Pvt Ltd filed a petition against Star Thermoplastic Road Markings Pvt Ltd under Section 9 of the IBC. During the hearing, the respondent's counsel stated that an affidavit was filed by Mr. Sivaraman, the Managing Director of the corporate debtor, which was received by the tribunal via email on 2020-09-21. The petitioner's counsel stated that based on the statements in paragraph '9' of the affidavit, the petition could be disposed of. Paragraph '9' of the affidavit states that if the respondent has not claimed the GST refund from the GST department, the petitioner is inclined to claim the GST refund, and therefore there shall not be any outstanding amount pending from the respondent to the petitioner. The corporate debtor provided an undertaking that
…Affidavit filed by Mr. Sivaraman, Managing…
Corporate Debtor…