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NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Arun Baroka, Member (Technical)
Mosco International Commodities Private Limited – Appellant
Versus
SBEC Sugar Limited – Respondent
| Table of Content |
|---|
| 1. operational creditor's advance payment and non-delivery claim. (Para 1 , 2 , 4 , 38 , 40 , 42) |
| 2. no pre-existing dispute; post-notice payment malicious. (Para 5 , 6 , 7 , 8 , 9) |
| 3. threshold assessed on petition filing date. (Para 10 , 11 , 12 , 13 , 14 , 15 , 17 , 19 , 24 , 51 , 52 , 53) |
| 4. interest not includable without agreement. (Para 18 , 25 , 32 , 33 , 55) |
| 5. cancellation due to appellant's export violation. (Para 20 , 26 , 27 , 43) |
| 6. molasses destroyed in fire; salvage value refunded. (Para 21 , 28 , 44 , 45 , 46) |
| 7. pre-existing dispute bars cirp initiation. (Para 22 , 29 , 30 , 31 , 34 , 35 , 36 , 47 , 48 , 56) |
| 8. appeal dismissed for threshold and dispute failure. (Para 39 , 41 , 49 , 50 , 54 , 57) |
JUDGMENT
(Hybrid Mode)
[Per: Arun Baroka, Member (Technical)]
This Appeal is filed under Section 61 of the Insolvency and Bankruptcy Code, 2016 (“Code”) by Mosco International Commodities Private Limited (‘OC/ Operational Creditor’) against the Impugned Order dated 02.02.2024 passed by the AA wherein Section 9 petition preferred by the OC against SBEC Sugar Limited (‘CD/ Corporate Debtor’) was dismissed for not meeting the threshold limit as prescribed under Section
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