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). The RP sought 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 for freight services. The Corporate Debtor's CIRP was initiated on 25.01.2019, and Mr. Ajit Kumar was appointed as the Interim Resolution Professional (IRP). The RP found the Corporate Debtor's assets insufficient to cover its liabilities, leading to the application for recovery of dues from Respondent No. 2.
M/s Indus Contrainer Lines Pvt. Ltd. initiated CIRP against M/s Jadoun International Pvt. Ltd. ('Corporate Debtor') under Section 7 of IBC. The CIRP was initiated on 25.01.2019, and Mr. Ajit Kumar was appointed as the IRP. The RP filed an application (IA No. 232/JPR/2019) seeking directions against M/s Prerna India Marbles Pvt. Ltd. (Respondent No. 2) to pay Rs. 22,80,728/- for freight services rendered by the Corporate Debtor. The RP stated that Rs. 16,79,258/- was shown as debt in the name of Respondent No. 2 in the Corporate Debtor's books. Respondent No. 2 contended that the amount was set off against goods supplied to Jagannath Marbles and Granites, a proprietorship firm managed by the erstwhile suspended director of the Corporate Debtor, Mr. Saurabh Singh. The
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M/s Indus Contrainer Lines Pvt. Ltd. initiated…
CIRP of the Corporate…
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). The RP sought 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 for freight services. The Corporate Debtor's CIRP was initiated on 25.01.2019, and Mr. Ajit Kumar was appointed as the Interim Resolution Professional (IRP). The RP found the Corporate Debtor's assets insufficient to cover its liabilities, leading to the application for recovery of dues from Respondent No. 2.
M/s Indus Contrainer Lines Pvt. Ltd. initiated CIRP against M/s Jadoun International Pvt. Ltd. ('Corporate Debtor') under Section 7 of IBC. The CIRP was initiated on 25.01.2019, and Mr. Ajit Kumar was appointed as the IRP. The RP filed an application (IA No. 232/JPR/2019) seeking directions against M/s Prerna India Marbles Pvt. Ltd. (Respondent No. 2) to pay Rs. 22,80,728/- for freight services rendered by the Corporate Debtor. The RP stated that Rs. 16,79,258/- was shown as debt in the name of Respondent No. 2 in the Corporate Debtor's books. Respondent No. 2 contended that the amount was set off against goods supplied to Jagannath Marbles and Granites, a proprietorship firm managed by the erstwhile suspended director of the Corporate Debtor, Mr. Saurabh Singh. The
…M/s Indus Contrainer Lines Pvt. Ltd. initiated…
CIRP of the Corporate…