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.
Yash Smelter Private Limited is undergoing liquidation. Shashi Agarwal, the liquidator, filed applications seeking various reliefs, including the dissolution of Yash Smelter and directions regarding pending applications against sundry debtors. Several parties, including Agarwal Alloys, Soil & Enviro Industries Pvt. Ltd., Aashi Infrastructure Pvt. Ltd., and MaaJeen Steel Traders, are involved as debtors or respondents. MaaJeen Steel Traders claimed that the materials supplied by Yash Smelter were of inferior grade and informed the Corporate Debtor. They sold the material at the best available price and remitted the amount to the Corporate Debtor. Soil & Enviro Industries Pvt. Ltd. claimed that the goods were returned due to inferior quality. Aashi Infrastructure
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Corporate Debtor issued various invoices…
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.
Yash Smelter Private Limited is undergoing liquidation. Shashi Agarwal, the liquidator, filed applications seeking various reliefs, including the dissolution of Yash Smelter and directions regarding pending applications against sundry debtors. Several parties, including Agarwal Alloys, Soil & Enviro Industries Pvt. Ltd., Aashi Infrastructure Pvt. Ltd., and MaaJeen Steel Traders, are involved as debtors or respondents. MaaJeen Steel Traders claimed that the materials supplied by Yash Smelter were of inferior grade and informed the Corporate Debtor. They sold the material at the best available price and remitted the amount to the Corporate Debtor. Soil & Enviro Industries Pvt. Ltd. claimed that the goods were returned due to inferior quality. Aashi Infrastructure
…Corporate Debtor issued various invoices…
MaaJeen Steel Traders informed the Corporate…