2022 (11) TMI 1551

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...., Ld. Adv. For Respondents : Navin Phawa, Ld. Sr. Adv. ORDER The present application is filed by M/s. Permali Wallace Pvt. Ltd. (Applicant/Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016 ("the code") read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016 against M/s. Narbada Forest Industries Pvt. Ltd. (Respondent/....

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....ication by withdrawal memo dated 08.11.2017. This Adjudicating Authority by order dated 08.11.2017 disposed of this application on a ground of that settlement arrived in between the parties. 3. This new application is filed by the Operational Creditor against the Corporate Debtor again under Section 9 of the IBC, 2016 for default of payment of interest amount by the Corporate Debtor. As per the t....

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....e Debtor. The Corporate Debtor appeared through one of its Directors, Mr. Raghunandan Singh Chauhan and filed an affidavit-in-reply. 6. Mr. Raghunandan Singh Chauhan (Director of the Corporate Debtor) contended that entire debt amount is paid to the Operational Creditor. This application is filed as a hand twisting method for recovery of extra some of money which is not at all due and payable by ....

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....principal). The Corporate Debtor has also paid a sum of Rs. 16 Lakhs towards the interest on principal sum. It is a case of the Operational Creditor that the Corporate Debtor has to pay additional sum of Rs. 1,28,00,000/- towards the interest which amount is disputed by the Corporate Debtor. Earlier an application was disposed of on the ground of settlement. In pursuance to the settlement arrived ....