This case involves an application filed under sections 60(5) and other relevant provisions of the Insolvency and Bankruptcy Code, 2016, read with the National Company Law Tribunal Rules, 2016. The applicant sought orders to direct the respondent to withdraw a complaint (Case No. CN/1647 of 2022) filed in the 19th Metropolitan Magistrate at Calcutta and to restrain the respondent from pursuing the complaint. The complaint was instituted by the respondent, Birla Tyres Ltd., against the applicants for Rs. 1,25,800/- related to the delivery and sale of HSS Hack Blades under a purchase order dated December 21, 2020. The Corporate Debtor, Birla Tyres Ltd., is undergoing a corporate insolvency resolution process initiated by the Tribunal on May 5, 2022. The applicant argued
…1. An application was filed under sections 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking certain reliefs.
2. The applicant sought an order directing the respondent to withdraw Complaint Case No. CN/1647 of 2022, filed in the 19th Metropolitan Magistrate at Calcutta.
3. The applicant also sought an order restraining the respondent from pursuing the said complaint.
4. The complaint was instituted by the respondent, Birla Tyres Ltd., for Rs. 1,25,800/- related to the delivery and sale of HSS Hack Blades under a purchase order dated December 21, 2020.
5. The Corporate Debtor, Birla Tyres Ltd., is undergoing a corporate insolvency resolution process initiated by the Tribunal on May 5, 2022.
6. The applicant argued that creditors of the Corporate Debtor had lodged
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Date of the purchase…
Date on which the Corporate Insolvency…
This case involves an application filed under sections 60(5) and other relevant provisions of the Insolvency and Bankruptcy Code, 2016, read with the National Company Law Tribunal Rules, 2016. The applicant sought orders to direct the respondent to withdraw a complaint (Case No. CN/1647 of 2022) filed in the 19th Metropolitan Magistrate at Calcutta and to restrain the respondent from pursuing the complaint. The complaint was instituted by the respondent, Birla Tyres Ltd., against the applicants for Rs. 1,25,800/- related to the delivery and sale of HSS Hack Blades under a purchase order dated December 21, 2020. The Corporate Debtor, Birla Tyres Ltd., is undergoing a corporate insolvency resolution process initiated by the Tribunal on May 5, 2022. The applicant argued
…1. An application was filed under sections 60(5) of the Insolvency and Bankruptcy Code, 2016, seeking certain reliefs.
2. The applicant sought an order directing the respondent to withdraw Complaint Case No. CN/1647 of 2022, filed in the 19th Metropolitan Magistrate at Calcutta.
3. The applicant also sought an order restraining the respondent from pursuing the said complaint.
4. The complaint was instituted by the respondent, Birla Tyres Ltd., for Rs. 1,25,800/- related to the delivery and sale of HSS Hack Blades under a purchase order dated December 21, 2020.
5. The Corporate Debtor, Birla Tyres Ltd., is undergoing a corporate insolvency resolution process initiated by the Tribunal on May 5, 2022.
6. The applicant argued that creditors of the Corporate Debtor had lodged
Date of the purchase…
Date on which the Corporate Insolvency…