Yatra Online Limited, the Corporate Debtor, filed an application (IA No. 1046/2022) under Section 60(5) of the Insolvency & Bankruptcy Code, 2016, seeking the dismissal of the Operational Creditor's (Ezeego One Travel and Tours Limited) application under Section 9 of the Code. The Corporate Debtor argued that the application was not maintainable due to being barred by Section 10A of the Code, which pertains to the suspension of insolvency proceedings during a specific period.
Yatra Online Limited (Corporate Debtor) filed an application to dismiss the Operational Creditor's (Ezeego One Travel and Tours Limited) application under Section 9 of the IBC, citing Section 10A. The Operational Creditor claimed a default of Rs. 3,15,47,313 with a default date of 30.10.2020. The Corporate Debtor argued this date fell within the period barred by Section 10A. The Corporate Debtor relied on Ramesh Kymal v. Siemens Ganesh Renewable Power Private Limited, emphasizing Section 10A's prohibitory nature. The Resolution Professional of the Operational Creditor argued the default occurred before the suspension period, presenting emails and ledger statements. An email dated 12.09.2019 showed the Corporate Debtor offering to transfer 7.5 Cr. to the Operational
…Sign in to view the parties.
The Operational…
The Operational…
Yatra Online Limited, the Corporate Debtor, filed an application (IA No. 1046/2022) under Section 60(5) of the Insolvency & Bankruptcy Code, 2016, seeking the dismissal of the Operational Creditor's (Ezeego One Travel and Tours Limited) application under Section 9 of the Code. The Corporate Debtor argued that the application was not maintainable due to being barred by Section 10A of the Code, which pertains to the suspension of insolvency proceedings during a specific period.
Yatra Online Limited (Corporate Debtor) filed an application to dismiss the Operational Creditor's (Ezeego One Travel and Tours Limited) application under Section 9 of the IBC, citing Section 10A. The Operational Creditor claimed a default of Rs. 3,15,47,313 with a default date of 30.10.2020. The Corporate Debtor argued this date fell within the period barred by Section 10A. The Corporate Debtor relied on Ramesh Kymal v. Siemens Ganesh Renewable Power Private Limited, emphasizing Section 10A's prohibitory nature. The Resolution Professional of the Operational Creditor argued the default occurred before the suspension period, presenting emails and ledger statements. An email dated 12.09.2019 showed the Corporate Debtor offering to transfer 7.5 Cr. to the Operational
…The Operational…
The Operational…