2019 (8) TMI 1140

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..... nd Mr Kanthi Narahari, Member (Technical) For The Appellant : Mr. Mani Bhushan Sinha, Mr. Pranab And Prakash and Mr. Sunil Kumar, Advocates ORDER The Respondent - 'Impex India Inc.' (Financial Creditor) filed an application 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 Tribun .....

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..... 34. As the loan amount is Rs. 15 Lakhs and the part amount has not been paid, the Adjudicating Authority rightly held that the 'Corporate Debtor' defaulted in paying the 'debt', which was more than Rs. 1 Lakh. 3. As pleaded that the 'Financial Creditor' has admitted that they have received the amount of Rs. 11,60,000/- but it was not disputed that the rest of the amount, which is more than Rs. 1 .....

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