G. M. Lingaraju Vs. Gurudatt Sugars Marketing Private Limited & Anr. [Company Appeal (AT) (Insolvency) No. 385 of 2018] - Synopsis
Team SoOLEGAL 8 Mar 2021

In this case, G. M. Lingaraju Vs. Gurudatt Sugars Marketing Private Limited & Anr. [Company Appeal (AT) (Insolvency) No. 385 of 2018], the issue which arises for consideration in this appeal is what is meant by the "existence of a conflict" for the purpose of determining the petition referred to in Section 9 of the Insolvency Bankruptcy Code, 2016. Learned lawyers, speaking on behalf of the claimant, had argued that there was an existence of dispute. Furthermore, it was also told that the admitted fees had already been given to the respondent on the basis of an agreement with the Operational Creditor. Taking into account the fact that there was an existence of dispute prior to the issuance of a demand notice, it was held that the petition under Section 9 of the said Code could not be maintained. The order of 15th June 2018 was accordingly set aside. With observations and instructions, the Appeal was accepted.

×

C2RMTo Know More

Something Awesome Is In The Work

0

DAYS

0

HOURS

0

MINUTES

0

SECONDS

Sign-up and we will notify you of our launch.
We’ll also give some discount for your effort :)

* We won’t use your email for spam, just to notify you of our launch.
×

SAARTHTo Know More

Launching Soon : SAARTH, your complete client, case, practise & document management SAAS application with direct client chat feature.

If you want to know more give us a Call at :+91 98109 29455 or Mail info@soolegal.com