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. The Operational Creditor was admitted into CIRP vide order dated 09.03.2021.
Yatra Online Limited (Corporate Debtor) filed an application seeking dismissal of Ezeego One Travel and Tours Limited's (Operational Creditor) application under Section 9 of the IBC, arguing it was barred by Section 10A due to the default date falling within the suspension period. The Operational Creditor was admitted into CIRP vide order dated 09.03.2021. The Corporate Debtor claimed the default date was 30.10.2020. The Operational Creditor's Resolution Professional argued the default occurred before the suspension period and presented evidence of debt acknowledgment by the Corporate Debtor. The Corporate Debtor had offered to transfer 7.5 Cr. to the Operational Creditor on 12.09.2019. Ledger statements showed the last transaction date as 23.06.2019, and the agreement
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Ezeego One Travel and…
Applicant Resolution Professional addressed an…
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. The Operational Creditor was admitted into CIRP vide order dated 09.03.2021.
Yatra Online Limited (Corporate Debtor) filed an application seeking dismissal of Ezeego One Travel and Tours Limited's (Operational Creditor) application under Section 9 of the IBC, arguing it was barred by Section 10A due to the default date falling within the suspension period. The Operational Creditor was admitted into CIRP vide order dated 09.03.2021. The Corporate Debtor claimed the default date was 30.10.2020. The Operational Creditor's Resolution Professional argued the default occurred before the suspension period and presented evidence of debt acknowledgment by the Corporate Debtor. The Corporate Debtor had offered to transfer 7.5 Cr. to the Operational Creditor on 12.09.2019. Ledger statements showed the last transaction date as 23.06.2019, and the agreement
…Ezeego One Travel and…
Applicant Resolution Professional addressed an…