This is an application filed by Omshree Agro Tech Private Limited, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) in respect of Kasturi Farm Private Limited, the Corporate Debtor.
Omshree Agro Tech Private Limited filed an application under Section 9 of the IBC to initiate CIRP against Kasturi Farm Private Limited.
The Operational Creditor claimed a default of Rs. 1,38,98,889/-, including principal and interest.
The Corporate Debtor argued that the application was not maintainable, the principal amount was less than one crore, and there was a pre-existing dispute.
The Applicant supplied Soya Doc 46% to the Corporate Debtor.
The Corporate Debtor made a payment of Rs. 25 Lakhs to the Applicant during the pendency of the Application.
The Applicant proposed Mr. Rajesh Kumar Mittal as the Interim Resolution Professional (IRP).
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Omshree Agro Tech…
The Adjudicating Authority admitted the…
This is an application filed by Omshree Agro Tech Private Limited, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP) in respect of Kasturi Farm Private Limited, the Corporate Debtor.
Omshree Agro Tech Private Limited filed an application under Section 9 of the IBC to initiate CIRP against Kasturi Farm Private Limited.
The Operational Creditor claimed a default of Rs. 1,38,98,889/-, including principal and interest.
The Corporate Debtor argued that the application was not maintainable, the principal amount was less than one crore, and there was a pre-existing dispute.
The Applicant supplied Soya Doc 46% to the Corporate Debtor.
The Corporate Debtor made a payment of Rs. 25 Lakhs to the Applicant during the pendency of the Application.
The Applicant proposed Mr. Rajesh Kumar Mittal as the Interim Resolution Professional (IRP).
Omshree Agro Tech…
The Adjudicating Authority admitted the…