The case involves M/S ATTAL PLASTICS versus MANALI VINTRADE PRIVATE LIMITED. The hearing took place on October 6, 2023. Two demand drafts were handed over to the counsel for the Operational Creditor, which they accepted. The principal amount was payable by the counsel appearing for the Corporate Debtor.
M/S ATTAL PLASTICS initiated a Corporate Insolvency Resolution Process (CIRP) application against MANALI VINTRADE PRIVATE LIMITED under Section 9 of the IBC. During the hearing on October 6, 2023, two demand drafts were handed over to the Operational Creditor's counsel, representing a principal amount payable by the Corporate Debtor. The Operational Creditor's counsel expressed their intention to claim interest and requested the liberty to pursue this claim in an appropriate forum. The case was then dismissed as withdrawn, with the Operational Creditor retaining the right to pursue their interest claim separately.
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Hearing on the matter…
Two demand drafts, dated 04.10.2023, were…
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The case involves M/S ATTAL PLASTICS versus MANALI VINTRADE PRIVATE LIMITED. The hearing took place on October 6, 2023. Two demand drafts were handed over to the counsel for the Operational Creditor, which they accepted. The principal amount was payable by the counsel appearing for the Corporate Debtor.
M/S ATTAL PLASTICS initiated a Corporate Insolvency Resolution Process (CIRP) application against MANALI VINTRADE PRIVATE LIMITED under Section 9 of the IBC. During the hearing on October 6, 2023, two demand drafts were handed over to the Operational Creditor's counsel, representing a principal amount payable by the Corporate Debtor. The Operational Creditor's counsel expressed their intention to claim interest and requested the liberty to pursue this claim in an appropriate forum. The case was then dismissed as withdrawn, with the Operational Creditor retaining the right to pursue their interest claim separately.
Hearing on the matter…
Two demand drafts, dated 04.10.2023, were…
Sign in to view related legal provisions.