Supreme Court · 2020 INSC 518 · Decided 28 August 2020
M/S. Radha Exports (India) PVT. Limited v. K.P. Jayaram & ANR.
- Court
- Supreme Court of India
- Citation
- 2020 INSC 518 · [2020] 8 S.C.R. 272
- Case number
- CIVIL APPEAL No. 7474/2019
- Decided
- 28 August 2020
- Bench
- ARUN MISHRA, INDIRA BANERJEE (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 7; Limitation Act; IBC Section 7
Headnote
Insolvency and Bankruptcy Code, 2016 - s.7 - Companies Act, 1956 - Limitation Act, 1963 - Clauses (19) to (21) of Part II of the Schedule - The respondents filed a petition on 25.04.2018 u/s.7 of the IBC, as 'Financial creditor', claiming crores together with interest - According to the appellant company, Rs.80,40,000/- was repaid to the respondents between 2003 to 2004 - Further, respondents requested to convert Rs.90,00,000/- from the outstanding loan as share application money for issuance of shares in the appellant
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