The case involves a Company Petition filed by M/s. Minera Steel & Power Private Limited (Operational Creditor) against M/s. Sujana Universal Industries Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor had previously filed an insolvency petition (CP(IB) No:187/9/HDB/2017) against the Corporate Debtor, alleging a default of Rs. 21,90,315. During the pendency of the earlier petition, the Corporate Debtor approached the Operational Creditor and agreed to pay the full amount. A joint memo was filed, and the Corporate Debtor handed over a demand draft and issued three cheques for the remaining amount. The earlier petition was withdrawn with liberty to file a fresh application in case of default. The cheques
…M/s. Minera Steel & Power Private Limited (Operational Creditor) filed a Company Petition against M/s. Sujana Universal Industries Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to an operational debt of Rs. 16,90,315. Previously, the Operational Creditor had filed another insolvency petition (CP(IB) No:187/9/HDB/2017) for a default of Rs. 21,90,315. During the pendency of the earlier petition, the Corporate Debtor agreed to pay the full amount, and a joint memo was filed. The Corporate Debtor provided a demand draft for Rs. 5,00,000 and issued three cheques for the remaining amount. The earlier petition was withdrawn with liberty to file a fresh application in case of default. The cheques dated 25.10.2018, 10.12.2018,
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Operational Creditor filed CP(IB)…
A joint memo of settlement was filed, and the…
The case involves a Company Petition filed by M/s. Minera Steel & Power Private Limited (Operational Creditor) against M/s. Sujana Universal Industries Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor had previously filed an insolvency petition (CP(IB) No:187/9/HDB/2017) against the Corporate Debtor, alleging a default of Rs. 21,90,315. During the pendency of the earlier petition, the Corporate Debtor approached the Operational Creditor and agreed to pay the full amount. A joint memo was filed, and the Corporate Debtor handed over a demand draft and issued three cheques for the remaining amount. The earlier petition was withdrawn with liberty to file a fresh application in case of default. The cheques
…M/s. Minera Steel & Power Private Limited (Operational Creditor) filed a Company Petition against M/s. Sujana Universal Industries Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to an operational debt of Rs. 16,90,315. Previously, the Operational Creditor had filed another insolvency petition (CP(IB) No:187/9/HDB/2017) for a default of Rs. 21,90,315. During the pendency of the earlier petition, the Corporate Debtor agreed to pay the full amount, and a joint memo was filed. The Corporate Debtor provided a demand draft for Rs. 5,00,000 and issued three cheques for the remaining amount. The earlier petition was withdrawn with liberty to file a fresh application in case of default. The cheques dated 25.10.2018, 10.12.2018,
…Operational Creditor filed CP(IB)…
A joint memo of settlement was filed, and the…