The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Jatin Basantani, the Operational Creditor/Applicant, filed a CP No. (IB)-147/9/JPR/2019 against Agrilife Technologies Pvt. Ltd., the Corporate Debtor/Respondent. A demand draft (DD) for Rs. 3,05,717/- drawn on Axis Bank Ltd. was handed over to the Petitioner by the Respondent.
Mr. Jatin Basantani, the Operational Creditor, initiated proceedings against Agrilife Technologies Pvt. Ltd., the Corporate Debtor, under Section 9 of the IBC, 2016. A demand draft for Rs. 3,05,717/- was issued by the Corporate Debtor to the Operational Creditor. The Operational Creditor's counsel, Mr. Amol Vyas, stated that the admitted amount had been received. Consequently, the Operational Creditor sought to withdraw the application. The key fact is the receipt of the admitted amount, which led to the withdrawal of the application.
Sign in to view the parties.
Order dated 13.09.2019, a DD for Rs.…
DD No. 005894 dated…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. Mr. Jatin Basantani, the Operational Creditor/Applicant, filed a CP No. (IB)-147/9/JPR/2019 against Agrilife Technologies Pvt. Ltd., the Corporate Debtor/Respondent. A demand draft (DD) for Rs. 3,05,717/- drawn on Axis Bank Ltd. was handed over to the Petitioner by the Respondent.
Mr. Jatin Basantani, the Operational Creditor, initiated proceedings against Agrilife Technologies Pvt. Ltd., the Corporate Debtor, under Section 9 of the IBC, 2016. A demand draft for Rs. 3,05,717/- was issued by the Corporate Debtor to the Operational Creditor. The Operational Creditor's counsel, Mr. Amol Vyas, stated that the admitted amount had been received. Consequently, the Operational Creditor sought to withdraw the application. The key fact is the receipt of the admitted amount, which led to the withdrawal of the application.
Order dated 13.09.2019, a DD for Rs.…
DD No. 005894 dated…