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. has been 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 to Mr. Basantani by Agrilife Technologies Pvt. Ltd. The Operational Creditor's counsel, Mr. Amol Vyas, stated that the admitted amount had been received and sought to withdraw the application. The key fact is the receipt of the admitted amount, which led to the withdrawal of the application.
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An order was is…
DD No. 0058…
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. has been 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 to Mr. Basantani by Agrilife Technologies Pvt. Ltd. The Operational Creditor's counsel, Mr. Amol Vyas, stated that the admitted amount had been received and sought to withdraw the application. The key fact is the receipt of the admitted amount, which led to the withdrawal of the application.
An order was is…
DD No. 0058…