Supreme Court of India
M/s. Radha Exports (india) Pvt. Limited v. K.P. Jayaram & Anr.
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From the 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 principal amount of Rs.2.10 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 company in name of respondent no. 2, which was…
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