This case involves an Interlocutory Application (IA (IB) No.601/KB/2023) filed by Apeejay Tea Limited ('Applicant' or 'Corporate Debtor') under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 34 of the National Company Law Tribunal, 2016, against R. C. Trading ('Respondent' or ‘Operational Creditor'). The Corporate Debtor sought the dismissal of C.P.(I.B.) No. 1012/KB of 2018, a stay on further proceedings in that case, ad-interim orders, costs, and other directions. The Operational Creditor's claim in C.P.(I.B.) No. 1012/KB of 2018 was for Rs.49,52,576/- towards coal carrying freight and handling charges, which the Corporate Debtor disputed. The initial petition was dismissed for non-prosecution on August 26, 2019. The Operational Creditor
…R. C. Trading, the Operational Creditor, filed C.P.(I.B.) No. 1012/KB of 2018 against Apeejay Tea Limited, the Corporate Debtor, claiming Rs.49,52,576/- for coal carrying freight and handling charges. Apeejay Tea Limited disputed the claim. The petition was initially dismissed for non-prosecution on August 26, 2019. R. C. Trading filed an application for restoration of the petition, which was affirmed on 22 August 2022 and numbered as RST.A (IBC)/47 (KB) of 2022, more than three years after the dismissal. Apeejay Tea Limited contended that the restoration application was filed outside the prescribed timeframe and that the order allowing the restoration was obtained fraudulently. Apeejay Tea Limited filed IA (IB) No.601/KB/2023 seeking dismissal of the original company
…Sign in to view the parties.
R. C. Trading filed C.P.(I.B.) No. 1012/KB of…
CP(IB) No. 1012/KB/2018…
This case involves an Interlocutory Application (IA (IB) No.601/KB/2023) filed by Apeejay Tea Limited ('Applicant' or 'Corporate Debtor') under Section 60(5) of the Insolvency and Bankruptcy Code, 2016, read with Rule 34 of the National Company Law Tribunal, 2016, against R. C. Trading ('Respondent' or ‘Operational Creditor'). The Corporate Debtor sought the dismissal of C.P.(I.B.) No. 1012/KB of 2018, a stay on further proceedings in that case, ad-interim orders, costs, and other directions. The Operational Creditor's claim in C.P.(I.B.) No. 1012/KB of 2018 was for Rs.49,52,576/- towards coal carrying freight and handling charges, which the Corporate Debtor disputed. The initial petition was dismissed for non-prosecution on August 26, 2019. The Operational Creditor
…R. C. Trading, the Operational Creditor, filed C.P.(I.B.) No. 1012/KB of 2018 against Apeejay Tea Limited, the Corporate Debtor, claiming Rs.49,52,576/- for coal carrying freight and handling charges. Apeejay Tea Limited disputed the claim. The petition was initially dismissed for non-prosecution on August 26, 2019. R. C. Trading filed an application for restoration of the petition, which was affirmed on 22 August 2022 and numbered as RST.A (IBC)/47 (KB) of 2022, more than three years after the dismissal. Apeejay Tea Limited contended that the restoration application was filed outside the prescribed timeframe and that the order allowing the restoration was obtained fraudulently. Apeejay Tea Limited filed IA (IB) No.601/KB/2023 seeking dismissal of the original company
…R. C. Trading filed C.P.(I.B.) No. 1012/KB of…
CP(IB) No. 1012/KB/2018…