9911796707
TMI Blog2019 (8) TMI 1140X X X X Extracts X X X X X X X X Extracts X X X X ..... rivate Ltd. (Corporate Debtor) and the Corporate Debtor has failed to bring on record any evidence to show that it was a friendly loan and not to be refunded. So far as the maturity of the loan is concerned, admittedly, the loan have been taken on 15th November, 2015 vide cheque No. 002334. As the loan amount is ₹ 15 Lakhs and the part amount has not been paid, the Adjudicating Authority ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... u/s 7 of the Insolvency and Bankruptcy Code, 2016 against Seajaan Logistics Pvt. Ltd. , which has been admitted by the Adjudicating Authority (National Company Law Tribunal), Kolkata Bench, Kolkata by order dated 4th April, 2019. Learned counsel appearing on behalf of the Director of the Corporate Debtor submits that the loan given has not matured and before that it cannot be held to be defaul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 377; 1 Lakh. 3. As pleaded that the Financial Creditor has admitted that they have received the amount of ₹ 11,60,000/- but it was not disputed that the rest of the amount, which is more than ₹ 1 Lakh, has not been paid. 4. In view of the undisputed fact, we find no ground to interfere with the impugned order. The appeal is dismissed. No costs. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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