2018 (7) TMI 2131

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... For Appellant: - Mr. Rohit Choudhary and Ms. Ankit Patnaik, Advocates. JUDGMENT 1. The Appellant- 'M/s. Daya Engineering Works Pvt. Ltd.' invested money with 'M/s. UIC Udyog Ltd.' for supplying of materials. The materials valued Rs. 4,02,33,473/- (Rupees Four Crore Two Lakh Thirty-Three Thousand Four Hundred Seventy-Three Only) were supplied but material of the balance amount Rs. 12,09,443/- ( .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e and, therefore, the Appellant has claimed interest at the rate of 24% per month. Submission is made that the Appellant in such case should be treated to be a 'Financial Creditor' within the meaning of Section 5(7) read with (8) of the 'I&B Code'. However, we are not expressing any opinion with regard to such issue as to whether Appellant is 'Financial Creditor' or not, as the claim was not filed .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X