In the matter of K K R AGro Mills Private Limited IBA-40-KOB-2020
Case brief
What is this about?
The Adjudicating Authority allowed the withdrawal of the Insolvency and Bankruptcy Code application filed by an operational creditor. The applicant admitted an accounting error regarding a partial payment, reducing the disputed amount, and sought leave to file a fresh application.
What did the court decide?
The insolvency application was disposed of as withdrawn with liberty to institute a fresh application.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
1
IBA/40/KOB/2020
IN THE NATIONAL COMPANY LAW TRIBUNAL KOCHI BENCH, KERALA
IBA/40/KOB/2020
(Under Section 9 (6) of Insolvency and Bankruptcy Code 2016)
Order delivered on 12th day of March, 2021
Coram :
Hon’ble Shri Ashok Kumar Borah, Member (Judicial)
In the matter of
M/s Flexi Plast Industries through its Partner Suresh Sharma, Khasra No.60/1, Pali Beawar Highway Sojat City, 306104, Pali District Rajasthan
……. Applicant/Operational Creditor
Vs.
Issues for consideration
2 issues framed by the court
Whether to allow the withdrawal of the insolvency application with liberty to institute a fresh application.
Whether the disputed debt amount should be considered.
Parties & counsel
- applicant
M/s Flexi Plast Industries
- respondent
M/s KKR Agro Mills Private Limited
Coram
ASHOK KUMAR BORAH
Case details
As recorded by the court registry
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