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NATIONAL COMPANY LAW TRIBUNAL
Shri. JYOTI KUMAR TRIPATHI, Shri. RAVICHANDRAN RAMASAMY, JJ
M/s. PENNAR INDUSTRIES LIMITED – Appellant
Versus
M/s. HI - ESTEEM AUTO KOMPONENTS PRIVATE LIMITED – Respondent
| Table of Content |
|---|
| 1. factual basis for the insolvency petition. (Para 1 , 2) |
| 2. arguments presented by the respondent disputing the claim. (Para 3) |
| 3. court's findings and observations on the evidence presented. (Para 7) |
| 4. final ruling and dismissal of the petition. (Para 8) |
ORDER
(Heard through Hybrid Mode)
This Application under Section 9 of IBC has been filed by M/s. Pennar Industries Limited, Petitioner / Operational Creditor herein against M/s. Hi-
Esteem Auto Komponents Private Limited, Respondent / Corporate Debtor herein for initiating Corporate Insolvency Process (CIRP) against the Corporate Debtor.
2. SUBMISSIONS OF THE APPLICANT:
2.1. Part I of the Application contains the particulars of the Petitioner M/s. Pennar Industries Limited. Part II of the Application sets out the details of the Corporate Debtor. It was incorporated on 17.10.2020 having paid up share capital of Rs. 3,00,00,000/- and address at S.No.88/1 & 88/2, Mettupalayam Road, Panrutti Village, Thennery post, Sriperumbudur Taluk, Kanchipuram District Panruti, Kanchipuram, Sriperumbudur, Tamil Nadu , India – 631 604, within the jurisdiction of this Tribunal. In Part III of the Application, the Petitioner has not propose
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