The case involves an application (IA No. 232/JPR/2019) filed by the Resolution Professional (RP) of Jadoun International Pvt. Ltd. (Corporate Debtor) under Section 60(5) read with Section 20 of the Insolvency and Bankruptcy Code (IBC), seeking directions against Prerna India Marbles Pvt. Ltd. (Respondent No. 2) to pay an outstanding amount of Rs. 22,80,728/- due to the Corporate Debtor. The Financial Creditor, Indus Contrainer Lines Pvt. Ltd., had initiated Corporate Insolvency Resolution Process (CIRP) against Jadoun International Pvt. Ltd. The RP, after scrutinizing the Corporate Debtor's accounts, found its assets insufficient to cover its liabilities. The RP sent a letter to Respondent No. 2 requesting payment for freight services rendered. Respondent No. 2
…Indus Contrainer Lines Pvt. Ltd., the Financial Creditor, initiated CIRP against Jadoun International Pvt. Ltd. (Corporate Debtor). The Resolution Professional (RP) filed an application (IA No. 232/JPR/2019) seeking directions against Prerna India Marbles Pvt. Ltd. (Respondent No. 2) to pay Rs. 22,80,728/- for freight services. The RP found the Corporate Debtor's assets insufficient to cover liabilities. The RP sent a letter to Respondent No. 2 requesting payment. Respondent No. 2 claimed the amount was set-off against goods supplied to Jagannath Marbles and Granites, a proprietorship firm managed by the suspended director of the Corporate Debtor, Saurabh Singh. The Corporate Debtor allegedly supplied rough marbles and blocks to Respondent No. 2, who in return provided
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CIRP initiated against Jadoun International…
Authority vide order dated 25.01.2019…
The case involves an application (IA No. 232/JPR/2019) filed by the Resolution Professional (RP) of Jadoun International Pvt. Ltd. (Corporate Debtor) under Section 60(5) read with Section 20 of the Insolvency and Bankruptcy Code (IBC), seeking directions against Prerna India Marbles Pvt. Ltd. (Respondent No. 2) to pay an outstanding amount of Rs. 22,80,728/- due to the Corporate Debtor. The Financial Creditor, Indus Contrainer Lines Pvt. Ltd., had initiated Corporate Insolvency Resolution Process (CIRP) against Jadoun International Pvt. Ltd. The RP, after scrutinizing the Corporate Debtor's accounts, found its assets insufficient to cover its liabilities. The RP sent a letter to Respondent No. 2 requesting payment for freight services rendered. Respondent No. 2
…Indus Contrainer Lines Pvt. Ltd., the Financial Creditor, initiated CIRP against Jadoun International Pvt. Ltd. (Corporate Debtor). The Resolution Professional (RP) filed an application (IA No. 232/JPR/2019) seeking directions against Prerna India Marbles Pvt. Ltd. (Respondent No. 2) to pay Rs. 22,80,728/- for freight services. The RP found the Corporate Debtor's assets insufficient to cover liabilities. The RP sent a letter to Respondent No. 2 requesting payment. Respondent No. 2 claimed the amount was set-off against goods supplied to Jagannath Marbles and Granites, a proprietorship firm managed by the suspended director of the Corporate Debtor, Saurabh Singh. The Corporate Debtor allegedly supplied rough marbles and blocks to Respondent No. 2, who in return provided
…CIRP initiated against Jadoun International…
Authority vide order dated 25.01.2019…