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NATIONAL COMPANY LAW TRIBUNAL
Justice V. G. Bisht (Retd.), Sh. Prabhat Kumar, JJ
Ritwik Finance Enterprises Private Limited – Appellant
Versus
Grenesiis Constro Pvt. Ltd. – Respondent
| Table of Content |
|---|
| 1. facts of the case and parties involved. (Para 1 , 2 , 3 , 4) |
| 2. submissions and arguments from the applicant. (Para 5 , 6 , 7 , 8 , 9 , 10) |
| 3. counterarguments presented by the respondent. (Para 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22) |
| 4. court's analysis of debt and transactions. (Para 23 , 24 , 25 , 26 , 27 , 28 , 29) |
| 5. court's rationale on settlement and application dismissal. (Para 30 , 31) |
| 6. conclusion and order of the court. (Para 32 , 33 , 34) |
Brief Facts:
2. The Applicant is a non-banking financial company registered under the Companies Act, 1956 having CIN U70101WB1987PTC043367, incorporated on 30.11.1987 having address at 33, C.R. Avenue 9th Floor Room No. 903 Kolkata (West Bengal) 700012 and also at F. No.-504, 5th Floor Sdc Ashok Millborn D-38, Subhash Marg, C- Scheme Jaipur 302001 (Rajasthan). It is engaged in the business of providing financial assistance to prospective customer.
4. The total amount of default as stated in Part IV of the Application is Rs. 1,16,56,467/- (Rupees One Crore Sixteen Lakh Fifty Six Thousand Four Hundred and Sixty Seven Only) as on 30.09.2023, and the date of default is stated to be 01.04.2022 in the NESL repo
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