The application preferred under Section 9 of the IBC, 2016 by Mr. Mujahid, proprietor of Moon Traders, was initially considered for admission. However, the Tribunal had strong reservations about the application being collusive.
Mr. Mujahid, proprietor of Moon Traders, filed an application under Section 9 of the IBC, 2016.
The Tribunal had reservations about the application being collusive.
The Applicant and Respondent were asked to file separate affidavits stating that the proceedings were not collusive.
The Respondent admitted the debt and default.
The Tribunal found that the order of admission did not reference any invoice or demand notice.
The Assistant Commissioner, Central GST Division Roorkee, raised concerns about the supply of goods.
Summons were issued to Mr. Mujahid, but he did not respond or join the inquiry.
The Tribunal concluded that the Operational Creditor initiated the Insolvency Resolution Process with fraudulent intention and purpose.
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Tribunal passed an order of admission, but…
Tribunal passed an order calling upon the…
The application preferred under Section 9 of the IBC, 2016 by Mr. Mujahid, proprietor of Moon Traders, was initially considered for admission. However, the Tribunal had strong reservations about the application being collusive.
Mr. Mujahid, proprietor of Moon Traders, filed an application under Section 9 of the IBC, 2016.
The Tribunal had reservations about the application being collusive.
The Applicant and Respondent were asked to file separate affidavits stating that the proceedings were not collusive.
The Respondent admitted the debt and default.
The Tribunal found that the order of admission did not reference any invoice or demand notice.
The Assistant Commissioner, Central GST Division Roorkee, raised concerns about the supply of goods.
Summons were issued to Mr. Mujahid, but he did not respond or join the inquiry.
The Tribunal concluded that the Operational Creditor initiated the Insolvency Resolution Process with fraudulent intention and purpose.
Tribunal passed an order of admission, but…
Tribunal passed an order calling upon the…