Dismissed

In the matter of Manali Vintrade Private Limited [C.P. (IB)-354(KB)2022]

NCLT6 Oct 2023C.P. (IB)-354(KB)2022

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What is this about?

The National Company Law Tribunal, Kolkata Bench, dismissed an application filed under Section 9 of the Insolvency and Bankruptcy Code as withdrawn by the petitioner, observing the receipt of two demand drafts from the corporate debtor towards the principal amount, while the petitioner reserved its claim for interest.

What did the court decide?

Application dismissed as withdrawn with liberty to the petitioner to pursue interest in the appropriate forum.

In the matter of Manali Vintrade Private Limited [C.P… — Insolvency and Bankruptcy | NCLT (2023)

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DIVISION BENCH COURT - II

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P-111

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NATIONAL COMPANY LAW TRIBUNAL KOLKATA BENCH KOLKATA

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C.P. (IB)/354(KB)2022

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CORAM: 1. HON’BLE MEMBER(J), SMT. BIDISHA BANERJEE 2. HON’BLE MEMBER(T), SHRI ARVIND DEVANATHAN

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ATTENDANCE-CUM-ORDER SHEET OF THE HEARING ON 06^TH OCTOBER, 2023, 10:30 A.M

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M/S ATTAL PLASTICS

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IN THE MATTER OF	VS MANALI VINTRADE PRIVATE LIMITED
UNDER SECTION	IBC UNDER SEC 9
Appearance (via video conferen Mr. Prateek Yadav, Adv.	cing/physically) ] For the Operational Creditor
Mr. Joy Saha, Sr. Adv.	] For the Corporate Debtor
Mr. Venamra Mahaseth, Adv.	]
Mr. Himanshu Kumar, Adv.	]
Mr. Shivam Gautam, Adv.	] For Corporate Debtor/Respondent
Mr. Sunil Kumar Singhania, Adv. Ms. Kalpana Singhania, Adv.	] For one of the Operational Creditor ]

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O R D E R

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Ld. Sr. Counsel/Counsel for the parties present.

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Two Demand Drafts is handed over to the Ld. Counsel for the Operational Creditor who accepts the drafts. The principal amount payable by the Ld. Sr. Counsel appearing for the Corporate Debtor. Copies whereof is taken on record are as follows:

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Demand Draft Nos.	Date	Amount(Rs.)
291569	04.10.2023	75.00.000/-
291570	04.10.2023	85,56,476/-

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Ld. Counsel appearing for the Operational Creditor submits that they like to claim interest and

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seeks liberty to pursue it in the appropriate forum.

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In view of such, this C.P. (IB)/354(KB)2022 is dismissed as withdrawn with a liberty to the Operational Creditor to pursue its remedies in regard to the interest component, before any appropriate forum in accordance with law.

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Arvind Devanathan Member (Technical)

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Bidisha Banerjee Member (Judicial)

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sayon

In the matter of Manali Vintrade Private Limited [C.P. (IB)-354(KB)2022]

Case brief

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In the matter of Manali Vintrade Private Limited [C.P. (IB)-354(KB)2022]

Case brief

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