The applications were filed for the recall of an order dated 19.04.2022, which had dismissed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016. The applicant alleged that the respondent had played fraud upon the Court by not producing income tax returns for the assessment year 2018-19 and balance sheets for the Financial Years 2016-17 and 2017-18, which would have established an acknowledgment of financial debt. The applicant contended that the respondent had acknowledged debt in unaudited books of accounts.
An application was preferred for recall of the order dated 19.04.2022.
The order dated 19.04.2022 had dismissed an application preferred under Section 7 of the Insolvency & Bankruptcy Code, 2016.
The applicant alleged fraud by the respondent for not producing income tax returns for the assessment year 2018-19.
The applicant alleged the respondent did not file balance sheets subsequent to FY 2016-17 and 2017-18 with the Registrar of Companies (ROC).
The applicant claimed the respondent acknowledged debt in unaudited books of accounts for FY 2017-18.
The applicant had not filed any loan agreement in the original application.
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Reserve Bank of India's Master Circular for Fair…
Rs. 1,50,00,000 (in two transactions of…
The applications were filed for the recall of an order dated 19.04.2022, which had dismissed an application under Section 7 of the Insolvency & Bankruptcy Code, 2016. The applicant alleged that the respondent had played fraud upon the Court by not producing income tax returns for the assessment year 2018-19 and balance sheets for the Financial Years 2016-17 and 2017-18, which would have established an acknowledgment of financial debt. The applicant contended that the respondent had acknowledged debt in unaudited books of accounts.
An application was preferred for recall of the order dated 19.04.2022.
The order dated 19.04.2022 had dismissed an application preferred under Section 7 of the Insolvency & Bankruptcy Code, 2016.
The applicant alleged fraud by the respondent for not producing income tax returns for the assessment year 2018-19.
The applicant alleged the respondent did not file balance sheets subsequent to FY 2016-17 and 2017-18 with the Registrar of Companies (ROC).
The applicant claimed the respondent acknowledged debt in unaudited books of accounts for FY 2017-18.
The applicant had not filed any loan agreement in the original application.
…Reserve Bank of India's Master Circular for Fair…
Rs. 1,50,00,000 (in two transactions of…