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 parties for amounts due to the Corporate Debtor.
Yash Smelter Private Limited is undergoing liquidation. The liquidator, Shashi Agarwal, filed multiple applications (IAs) seeking to recover amounts due 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 specific amounts from each debtor, including Rs. 46,60,339/- from MaaJeen Steel Traders and Rs. 39,11,741/- from Soil & Enviro Industries Pvt. Ltd. The debtors contested these 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 to have informed Yash Smelter about the inferior quality of
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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 parties for amounts due to the Corporate Debtor.
Yash Smelter Private Limited is undergoing liquidation. The liquidator, Shashi Agarwal, filed multiple applications (IAs) seeking to recover amounts due 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 specific amounts from each debtor, including Rs. 46,60,339/- from MaaJeen Steel Traders and Rs. 39,11,741/- from Soil & Enviro Industries Pvt. Ltd. The debtors contested these 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 to have informed Yash Smelter about the inferior quality of
…Corporate Debtor issued…
MaaJeen Steel Traders informed the Corporate…