CiteTEXT
...the judgment of the Hon'ble NCLAT passed in Hytone Merchants Pvt. Ltd. v. Satabadi Investment Consultants Pvt. Ltd...Adjudicating Authority Rules, 2016).
In the matter of:
S.R. Data Services Pvt Ltd.
[CIN: U72200WB1998PTC092777...]
… Financial Creditor -Versus-
LQI Infra Ltd.
[CIN: U64120WB2019PLC233889]
… Corporate Debtor...
...
(Ins.) No.258 of 2021 in the Hytone Merchants Private Limited v. Satabadi Investment Consultants Pvt. ...Director of Evirant Developers Pvt. Ltd. 403, Mont Vert Tropez, Wakad, Taluka-Mulshi, Pune - 411 057 …Appellant Versus
Vistra ITCL (India...ITCL (India) Ltd.- present Respondent No.1 and initiated Corporate Insolvency Resolution Process ("CIRP" in short) of the Corporate Debtor - Evirant Developers Pvt. Ltd. ("EDPL" in short...
.... Hytone Merchants Private Limited v. Satabadi Investment Consultants Private Limited, (2021).
b. The Registrar...initiated when there exists a bona fide dispute. Further, the Hon'ble NCLAT in Ashmeet Singh Bhatia v. Pragati Impex India Pvt. Ltd. [(2024) ibclaw.in 63 NCLAT] and Om Logistics Limited & Anr.... v. Ryder India Pvt. Ltd. (2021) has observed that where the initiation of CIRP is founded on false, fabricated, or legally unenforceable claims, the same constitutes abuse of the process of law...
...not commented on the merit of the case. We set aside the impugned order passed by the National Company Law Appellate Tribunal [ See Beacon Trusteeship Ltd. v. Earthcon Infracon P. Ltd....Beacon Trusteeship Ltd. vs. Earthcon Infracon Pvt. Ltd. & Anr. - (20...Beacon Trusteeship Ltd. vs. Earthcon Infracon Pvt. Ltd. & Anr...
...India (Liquidation Process) Regulations, 2016.
In the matter of:
Hytone Merchants Private Limited
… Financial Creditor Versus...08.01.2021 on a Petition filed by the Hytone Merchants Private Limited ('financial creditor') under section 7 of the Insolvency and Bankruptcy Code, 2016 ('the Code') directed initiation of the Corporate...
...India (Liquidation Process) Regulations, 2016.
In the matter of:
Hytone Merchants Private Limited
… Financial Creditor Versus...08.01.2021 on a Petition filed by the Hytone Merchants Private Limited ('financial creditor') under section 7 of the Insolvency and Bankruptcy Code, 2016 ('the Code') directed initiation of the Corporate...
.... The Tribunal took note of the decision of the Punjab High Court in the case of Punjab Steel Scrap Merchants' Association Ltd. v. Commissioner...Merchants' Association Ltd. v. Commissioner Of Income-Tax (1961) 43 ITR 164 (Punj) the assessee-Company was a dealer in scrap iron...Commissioner Of Income-Tax, Tamil Nadu-I v. A.V.M Ltd. (1981) 146 ITR 355 (Mad) was binding upon it and, therefore, dismissed the appeal...
...the following 05 entities: a. Tripti Merchants Pvt Ltd.; b. Nirmit Vyapar Pvt. Ltd.; c. Design Vinomay Pvt. Ltd.; d. Bhajan Business Pvt. Ltd.; and e. Mirik Commercial ...allotment of shares and subscription amount received are as under: Sr. No. Name of the allottee No. of shares Total subscription amount (in Rs.) 1. Tripti Merchants Pvt. Ltd. 769231....) Subscription amount alleged to be financed (in Rs.) Amount not financed (in Rs.) Tripti Merchants Pvt. Ltd. 769231 10,00,00,030/- 2,40,00,000/- 760,00,030/- Nirmit Vypar Pvt. Ltd. 615384 7,99,99,920...
...
Present:
The Hon'ble Justice Shekhar B. Saraf AP/464/2022
M/S Hytone Merchants Pvt. Ltd.
VS...Court judgments in M/s. Ravi Ranjan Developers Pvt. Ltd.
1
2
-v- Aditya Kumar Chatterjee...arising out of SLP (C) No. 17397 - 17398 of 2021 and also in Union of India -v- Adani Exports Ltd. reported in (2002) 1 SCC 567 to support...
...dissolution without winding up of the Transferor Companies namely, CHIK MERCHANDISE PVT. LTD. MANMOHAK COMMOTRADE Pvt. Ltd. FACIT MERCHANTS PVT. LTD., CITCO MERCHANTS ...LIMITED, HIMADRI VINTRADE PRIVATE LIMITED, GODHULI MERCHANTS PRIVATE LIMITED, ACHINTA VINCOM PRIVATE LIMITED, SANKHUWALA COMMERCIAL Pvt. Ltd., KUSHAL TRADECOM PRIVATE LIMITED, RAJNIGANDHA VINCOM.... Ltd. FACIT MERCHANTS PVT. LTD., CITCO MERCHANTS Pvt. Ltd., DEEPTA DEALCOM PRIVATE LIMITED, DEEPA COMMOTRADE PRIVATE LIMITED, FORSYTHIA COMMODEAL PRIVATE LIMITED, ANCHOVY VANIJYA PRIVATE...
...
CP(IB)/11(MP)2024
Proceedings under Section 9 IBC
IN THE MATTER OF:
M/s Aetos Agro Merchants Pvt Ltd
V/s
M/s M.L. Oil & Protein Pvt Ltd...)
ORDER
This is an application filed by the Operational Creditor i.e., M/s Aetos Agro Merchants
Pvt Ltd under Section 9 of the IBC, 2016 for initiating the Corporate...Insolvency
Resolution Process (‘CIRP’) against the Corporate Debtor, namely, M/s M.L. Oil &
Protein Pvt Ltd.
Learned proxy counsel, Ms. Diksha Brahma appearing on behalf of...
...and marked as Annexure-F at Page No. 104 to 109.
g) It is stated that the Corporate Debtor was sold as a going concern to one "Hytone Merchants...stated that funds to the tune of Rs 9,61,244/- have been received from Hytone Merchants Private Limited, being the successful bidder in e-auction. The said amount has been first utilized to pay the cost...
.... Navltex Marketing Pvt. Ltd., 16. Saltlake Merchants Pvt. Ltd., 17. Savera Traders Pvt. Ltd., 18. Alkon Trading, 19. Arihant Ltd., 20. ATN Telefilms, 21. Celeste Merchandise ...Dealers Pvt. Ltd., 12. Gurupath Merchandise Pvt. Ltd., 13. Jeet Vanijya Pvt. Ltd., 14. Navltex Marketing Pvt. Ltd., 15. Saltlake Merchants Pvt. Ltd., 1.... Aastha Broadcasting Network Limited, 2. Cheneena Impex Pvt. Ltd, 3. CMM Ltd., 4. Neena Mehta, 5. Ceean Impex Pvt. Ltd., 6. Smitasha Impex Pvt. Ltd., 7. Prarekha Exim Pvt. ...
...Paul Merchants Ltd. v. CCE, Chandigarh (supra) and reiterated in GAP International Sourcing (India) Pvt. Ltd. v. CST, Delhi (supra) is unacceptable. It is axiomatic that decisions....6. Larger Bench of this Tribunal in Paul Merchants Ltd. v. CCE, Chandigarh reported in (Tri. - Del.) considered substantially analogous...reiterated in the recent decision of this Tribunal dated 28-2-2014 in an appeal preferred by M/s. GAP International Sourcing (India) Pvt. Ltd. v. CST, Delhi, Service Tax Appeal No. 819...
Can't display summary as content is Scanned, Please open the judgment to see full content.
...i.e., nrddh_dutta@yahoo.co.in.
9. Further, in light of the Judgment by the Hon'ble NCLAT in Hytone Merchants Private...Limited v. Satabadi Investment Consultants Private Limited6decided on
6 Company Appeal (AT...
.... Akash Tiwary and the present owner is Hytone Merchants Pvt. Ltd.
7. A copy of the agreement of the hire purchase is filed and the contract of hire purchase is...certificate of registration shows the owner as Hytone Merchants Pvt. Ltd.
10. Heard the Counsels at length. Perused the materials on record. Considered... Infrastructure Pvt. Ltd. v. State of Maharashtra and Others, 2021 SCC Online SC 315...
...given in Hytone Merchants Private Limited vs. Satabdi Investment Consultants Private Limited, Company Appeal (AT) (Insolvency) No. 258 of 2021, wherein it was observed that the...
....
6. At page 24 of the case diary, it appears that the previous owner was one Mr. Akash Tiwary and the present owner is Hytone Merchants Pvt. Ltd.
...certified copy annexed with the revisional application, it appears that the original certificate of registration shows the owner as Hytone Merchants Pvt. Ltd...consistently been followed in the recent judgment of this Court in Neeharika Infrastructure Pvt. Ltd. v. State of Maharashtra and Others, 2021 SCC...
...."
This Court in R.K. Chemical (M/s.) v. M/s. Kohinoor Paints Paridabad Pvt. Ltd. &Anr., 115 (2004) DLT 529-2005II AD (Delhi) 133, held that an auditor's report signed...Mai v. M/s. Taipack Ltd.".
2. The impugned award has been challenged on two broad grounds:
The Arbitrator had no jurisdiction to enter upon the refer ence as...placed reliance upon Shapoor Freeloom Mazda v. Durga Prasad Chamania and Others, AIR 1961 SC1236; State ofHaryana v. Bharat Steel Tubes Ltd...