2018 (2) TMI 2002

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....udicial) For Appellant: - Mr. Vivek Dalal, Advocate. For Respondent:- Mr. Vishnu Langawat, Advocate. ORDER The Appellant ('Operational Creditor') filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as "I&B Code") for initiation of 'Corporate Insolvency Resolution Process' against the Respondent- 'Olam Agro India Pvt. Ltd. ('Corporate De....

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....efault of debt. There being a dispute in existence the Adjudicating Authority rightly dismissed the application. 4. We have heard learned counsel for the Appellant and learned counsel for the Respondent. 5. From bare perusal of the impugned order, we find that the Adjudicating Authority rightly dealt with the matter of Form "C" and observed as follows: "19. The Primary document to support this....

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....fered damages and losses due to supply of substandard quantities of PP Bags by your client which was duly communicated to your client numerous time:- Sr. No. Particular Amount (in Rs.) 1. Cost of Rejected Bags (Number 56000) 978880/- 2. Loss due to damaged Bags in S1 (Grade-Sugar) and S2 (Grade-Sugar): Debit Note raised to your client. 2454936/- 3. Loss due to damaged Bags in M (Grade-S....