DUNCAN INDUSTRIES LTD Vs. KANWAR PREM CHARAK

JUDGEMENT

(1.) The instant application is filed by the Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code with claim of Rs. 23,68,862/- as against the Corporate Debtor i.e. Duncan Industries Limited.

(2.) On receiving the notice, the Corporate Debtor appeared and raised preliminary objection with regard to the maintainability of application on the ground that:

(3.) On the other hand, the Operational Creditor submitted that this unit is not covered by the notification. Further, the Operational Creditor was the employee of Gungaram Tea Garden and does not fall under the notification.