2019 (10) TMI 964

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l) And Justice Member (Technical) For The Appellant : Mr. M.A. Chinnasamy, Mr. V. Senthil Kumar and Mr. C. Rupavathy, Advocates For The Respondents : Mr. P.V. Dinesh, Mr. Ashwini Kumar Singh and Mr. R.S. Lakshman, Advocates for 'Resolution Professional AndMr. Santosh Kumar and Mr. Amit Kumar Dhal, Advocates ORDER This appeal has been preferred by 'R. Arumugasamy', Managing Director of 'M/s. R....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... has failed to consider that the 'Corporate Debtor' had made the payment. However, it is not disputed that there is a 'part default' which is much more than Rupees One Lakh ( i.e. Rs. 9.5 Crores) and the 'Corporate Debtor' has failed to pay. Apart from the fact that there is no merit in this appeal, it is informed by the learned counsel appearing on behalf of the 'Resolution Professional' that the....