The application was filed by M/S Airen Copper Private Limited, the Operational Creditor, under Section 60(5) of the Insolvency & Bankruptcy Code read with Rule 11 of NCLT Rules, 2016, seeking a direction for M/S Fatehpuria Transformers and Switchgears Pvt. Ltd., the Corporate Debtor, to file its balance sheet for the financial year 2019-20 with a complete party-wise list of trade receivables and payables. The Operational Creditor claimed an amount of Rs. 22,21,009/- was recoverable as of 31.03.2020. The Corporate Debtor filed its balance sheet on 16.05.2023, showing trade receivables of Rs. 39,73,77,204/- and trade payables of Rs. 22,27,83,302/- as of 31.03.2020, but without party-wise details. The Operational Creditor argued that the Corporate Debtor's balance
…M/S Airen Copper Private Limited, the Operational Creditor, filed an application seeking a direction for M/S Fatehpuria Transformers and Switchgears Pvt. Ltd., the Corporate Debtor, to file its balance sheet for the financial year 2019-20 with party-wise details of trade receivables and payables. The Operational Creditor claimed Rs. 22,21,009/- was recoverable from it as of 31.03.2020. The Corporate Debtor filed its balance sheet on 16.05.2023, showing trade receivables of Rs. 39,73,77,204/- and trade payables of Rs. 22,27,83,302/- as of 31.03.2020, but without party-wise details. The Corporate Debtor objected to the application, arguing that the Operational Creditor was seeking production of documents to cure a lacuna in its main petition and that IBC proceedings are
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M/S Airen Copper Private Limited claimed an…
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The application was filed by M/S Airen Copper Private Limited, the Operational Creditor, under Section 60(5) of the Insolvency & Bankruptcy Code read with Rule 11 of NCLT Rules, 2016, seeking a direction for M/S Fatehpuria Transformers and Switchgears Pvt. Ltd., the Corporate Debtor, to file its balance sheet for the financial year 2019-20 with a complete party-wise list of trade receivables and payables. The Operational Creditor claimed an amount of Rs. 22,21,009/- was recoverable as of 31.03.2020. The Corporate Debtor filed its balance sheet on 16.05.2023, showing trade receivables of Rs. 39,73,77,204/- and trade payables of Rs. 22,27,83,302/- as of 31.03.2020, but without party-wise details. The Operational Creditor argued that the Corporate Debtor's balance
…M/S Airen Copper Private Limited, the Operational Creditor, filed an application seeking a direction for M/S Fatehpuria Transformers and Switchgears Pvt. Ltd., the Corporate Debtor, to file its balance sheet for the financial year 2019-20 with party-wise details of trade receivables and payables. The Operational Creditor claimed Rs. 22,21,009/- was recoverable from it as of 31.03.2020. The Corporate Debtor filed its balance sheet on 16.05.2023, showing trade receivables of Rs. 39,73,77,204/- and trade payables of Rs. 22,27,83,302/- as of 31.03.2020, but without party-wise details. The Corporate Debtor objected to the application, arguing that the Operational Creditor was seeking production of documents to cure a lacuna in its main petition and that IBC proceedings are
…M/S Airen Copper Private Limited claimed an…
The Tribunal directed both parties to file…