Category: NCLT

Macquarie Bank Limited vs. Shilpi Cable Technologies

Facts of the Case The Corporate Debtor/Respondent (Uttam Galva Metallics) defaulted in the payment to the Operational Creditor/Appellant (Macquarie Bank) amounting to USD 6,321,337 equivalent to Rs. 43,11,15,190. Although repeated reminders as to the payment of the debt via emails were made, but such communications could not influence the Debtor to make the payment, pursuant … Continue reading Macquarie Bank Limited vs. Shilpi Cable Technologies

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