In the matter of Additri Traders Pvt. Ltd. [C.P.(IB)3238-MB-2019]
Case brief
What is this about?
The National Company Law Tribunal, Mumbai Bench admitted a company petition filed by an operational creditor under Section 9 of the IBC, 2016, against a corporate debtor for defaulting on an admitted operational debt of approximately Rs. 41 Lakhs, initiating the CIRP.
What did the court decide?
Company petition No. 3238/MB/2019 allowed; CIRP initiated against Additri Traders Private Limited; Mr. Sachin Jain appointed as IRP; moratorium imposed.
What the court decided
NATIONAL COMPANY LAW TRIBUNAL COURT-I, MUMBAI BENCH
Item No. 13 C.P.(IB)3238/MB/2019
CORAM:
MS. ANU JAGMOHAN SINGH SHRI. H. V. SUBBA RAO HON’BLE MEMBER (T) HON’BLE MEMBER (J)
ORDER SHEET OF THE HEARING ON 15.06.2023.
NAME OF THE PARTIES: KATYAYAN MERCANTILE AND TRADING PVT LTD V/S
ADDITRI TRADERS PVT LTD
Section 9 of the Insolvency and Bankruptcy Code, 2016
________________________________________________________________
ORDER
Ms. Bindu Bhatiya Ld. Counsel appearing for the applicant is present. Corporate
Debtor was set ex-parte vide order dt. 31.10.2022.
Issues for consideration
3 issues framed by the court
Whether the company petition filed by the operational creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016 regarding default in payment of operational debt deserves to be admitted.
Whether the corporate debtor has defaulted in payment of the admitted operational debt of Rs. 40,33,400/-.
Whether initiation of the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor is warranted.
Parties & counsel
- applicant
KATYAYAN MERCANTILE AND TRADING PVT LTD
- respondent
ADDITRI TRADERS PRIVATE LIMITED
Coram
ANU JAGMOHAN SINGH
Case details
As recorded by the court registry
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