The case involves applications under Section 54, Section 33(5), 35(1) & 60(5) of the Insolvency and Bankruptcy Code, 2016, read with relevant regulations, concerning the liquidation process of Yash Smelter Private Limited. The liquidator sought dissolution of the Corporate Debtor and directions regarding pending applications against sundry debtors. Several IAs (IBC) were filed, including IA 1473/KB/2023, IA 1012/KB/2021, IA 1020/KB/2021, and IA 1026/KB/2021. The applications primarily concern claims against various respondents for amounts due to the Corporate Debtor.
Yash Smelter Private Limited is undergoing liquidation. The liquidator, Shashi Agarwal, filed several applications (IAs) to recover dues from various parties, including Agarwal Alloys, Soil & Enviro Industries Pvt. Ltd., Aashi Infrastructure Pvt. Ltd., and MaaJeen Steel Traders. These parties are considered sundry debtors. The liquidator claimed amounts due from these debtors, citing outstanding invoices and communications. The debtors contested the claims, alleging that the materials supplied by Yash Smelter were of inferior quality and were either returned or adjusted against dues. MaaJeen Steel Traders claimed that the materials supplied were of inferior grade and informed the Corporate Debtor, who assured replacement. Soil & Enviro Industries Pvt. Ltd.
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Corporate Debtor issued…
MaaJeen Steel Traders informed the Corporate…
The case involves applications under Section 54, Section 33(5), 35(1) & 60(5) of the Insolvency and Bankruptcy Code, 2016, read with relevant regulations, concerning the liquidation process of Yash Smelter Private Limited. The liquidator sought dissolution of the Corporate Debtor and directions regarding pending applications against sundry debtors. Several IAs (IBC) were filed, including IA 1473/KB/2023, IA 1012/KB/2021, IA 1020/KB/2021, and IA 1026/KB/2021. The applications primarily concern claims against various respondents for amounts due to the Corporate Debtor.
Yash Smelter Private Limited is undergoing liquidation. The liquidator, Shashi Agarwal, filed several applications (IAs) to recover dues from various parties, including Agarwal Alloys, Soil & Enviro Industries Pvt. Ltd., Aashi Infrastructure Pvt. Ltd., and MaaJeen Steel Traders. These parties are considered sundry debtors. The liquidator claimed amounts due from these debtors, citing outstanding invoices and communications. The debtors contested the claims, alleging that the materials supplied by Yash Smelter were of inferior quality and were either returned or adjusted against dues. MaaJeen Steel Traders claimed that the materials supplied were of inferior grade and informed the Corporate Debtor, who assured replacement. Soil & Enviro Industries Pvt. Ltd.
…Corporate Debtor issued…
MaaJeen Steel Traders informed the Corporate…