The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor, Prakash Exports, filed the application against the Corporate Debtor, Agrimoney Foods Private Limited. The application was filed on 13.07.2021, claiming an amount of Rs. 65 lakh. The court convened through video conference.
Prakash Exports, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Agrimoney Foods Private Limited, the Corporate Debtor. The application was filed on 13.07.2021, with a claim amount of Rs. 65 lakh. Mr. Sunil Khatik, the counsel for the Operational Creditor, was present. No one appeared for the Corporate Debtor. The court dismissed the petition, citing that it was not maintainable based on a previous order from the NCLAT. The key fact is the NCLAT order rendering the Section 9 application not maintainable.
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The Operational Creditor, Prakash Exports,…
Order sheet…
The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor, Prakash Exports, filed the application against the Corporate Debtor, Agrimoney Foods Private Limited. The application was filed on 13.07.2021, claiming an amount of Rs. 65 lakh. The court convened through video conference.
Prakash Exports, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Agrimoney Foods Private Limited, the Corporate Debtor. The application was filed on 13.07.2021, with a claim amount of Rs. 65 lakh. Mr. Sunil Khatik, the counsel for the Operational Creditor, was present. No one appeared for the Corporate Debtor. The court dismissed the petition, citing that it was not maintainable based on a previous order from the NCLAT. The key fact is the NCLAT order rendering the Section 9 application not maintainable.
The Operational Creditor, Prakash Exports,…
Order sheet…