The case pertains to a company petition filed by the Financial Creditor against the Corporate Debtor for a claim of Rs. 1,50,00,000/-. The Financial Creditor contends that the default period is from 15.02.2021 to 15.03.2021.
The Financial Creditor filed a company petition against the Corporate Debtor for a claim of Rs. 1,50,00,000/-. The Financial Creditor stated that the default period was from 15.02.2021 to 15.03.2021. The court noted that the default period falls within the period specified under Section 10A of the Insolvency and Bankruptcy Code. Because the default occurred in 10A period, the Company Petition is not maintainable.
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Order sheet…
Start of the default…
The case pertains to a company petition filed by the Financial Creditor against the Corporate Debtor for a claim of Rs. 1,50,00,000/-. The Financial Creditor contends that the default period is from 15.02.2021 to 15.03.2021.
The Financial Creditor filed a company petition against the Corporate Debtor for a claim of Rs. 1,50,00,000/-. The Financial Creditor stated that the default period was from 15.02.2021 to 15.03.2021. The court noted that the default period falls within the period specified under Section 10A of the Insolvency and Bankruptcy Code. Because the default occurred in 10A period, the Company Petition is not maintainable.
Order sheet…
Start of the default…