The case involves an application (I.A. No. 156/ND/2021) filed by M/s Worlds Window Impex (India) Pvt. Ltd., who is the respondent in the main matter (IB no. 1772/(ND)/2019), seeking a direction to M/s Pan Asia Project Development Fund India & Anr, the applicant in the main matter, to produce balance sheets from 2008-09 to 2018-19. The applicant in the I.A. argues that the respondent in the main matter did not provide any financial or credit facility to them. The respondent in the main matter alleges that the investment was made vide share subscription agreement and falls under the ambit of financial credit as per Section 7 of the IBC, 2016.
M/s Worlds Window Impex (India) Pvt. Ltd., the respondent in the main matter (IB no. 1772/(ND)/2019), filed an application (I.A. No. 156/ND/2021) seeking a direction to M/s Pan Asia Project Development Fund India & Anr, the applicant in the main matter, to produce balance sheets from 2008-09 to 2018-19. M/s Worlds Window Impex (India) Pvt. Ltd. argues that M/s Pan Asia Project Development Fund India & Anr did not provide any financial or credit facility to them. M/s Pan Asia Project Development Fund India & Anr alleges that the investment was made vide share subscription agreement and falls under the ambit of financial credit as per Section 7 of the IBC, 2016. The Tribunal noted that the main matter (IB no. 1772/(ND)/2019) was filed under Section 7 of the
…Sign in to view the parties.
Order passed by the…
The applicant states that in terms of order…
The case involves an application (I.A. No. 156/ND/2021) filed by M/s Worlds Window Impex (India) Pvt. Ltd., who is the respondent in the main matter (IB no. 1772/(ND)/2019), seeking a direction to M/s Pan Asia Project Development Fund India & Anr, the applicant in the main matter, to produce balance sheets from 2008-09 to 2018-19. The applicant in the I.A. argues that the respondent in the main matter did not provide any financial or credit facility to them. The respondent in the main matter alleges that the investment was made vide share subscription agreement and falls under the ambit of financial credit as per Section 7 of the IBC, 2016.
M/s Worlds Window Impex (India) Pvt. Ltd., the respondent in the main matter (IB no. 1772/(ND)/2019), filed an application (I.A. No. 156/ND/2021) seeking a direction to M/s Pan Asia Project Development Fund India & Anr, the applicant in the main matter, to produce balance sheets from 2008-09 to 2018-19. M/s Worlds Window Impex (India) Pvt. Ltd. argues that M/s Pan Asia Project Development Fund India & Anr did not provide any financial or credit facility to them. M/s Pan Asia Project Development Fund India & Anr alleges that the investment was made vide share subscription agreement and falls under the ambit of financial credit as per Section 7 of the IBC, 2016. The Tribunal noted that the main matter (IB no. 1772/(ND)/2019) was filed under Section 7 of the
…Order passed by the…
The applicant states that in terms of order…