M/S. Shivani Enterprises filed an appeal against the order dated 16.01.2026 passed by the Adjudicating Authority, National Company Law Tribunal, Cuttack Bench, which dismissed their Section 9 application under the Insolvency and Bankruptcy Code, 2016.
M/S. Shivani Enterprises (Operational Creditor) supplied goods to M/S. S Square Cargo Movers Private Limited (Corporate Debtor).
Invoices raised by the Operational Creditor aggregated to Rs. 1,52,02,816/-.
The Corporate Debtor made part-payments of Rs. 48,58,837/-, leaving a principal amount of Rs. 70,54,167/- outstanding.
The invoices stipulated a levy of compounded interest @3% p.a. on delayed payments.
A Section 8 demand notice was issued to the Corporate Debtor on 03.03.2025 by the Operational Creditor.
The Adjudicating Authority dismissed the Section 9 application filed by the Operational Creditor.
The Corporate Debtor acknowledged their outstanding liability without disputing the principal amount in their reply to the Section 8 Demand Notice.
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Date of the order passed by the Adjudicating…
Date on which a Section 8 demand notice was…
M/S. Shivani Enterprises filed an appeal against the order dated 16.01.2026 passed by the Adjudicating Authority, National Company Law Tribunal, Cuttack Bench, which dismissed their Section 9 application under the Insolvency and Bankruptcy Code, 2016.
M/S. Shivani Enterprises (Operational Creditor) supplied goods to M/S. S Square Cargo Movers Private Limited (Corporate Debtor).
Invoices raised by the Operational Creditor aggregated to Rs. 1,52,02,816/-.
The Corporate Debtor made part-payments of Rs. 48,58,837/-, leaving a principal amount of Rs. 70,54,167/- outstanding.
The invoices stipulated a levy of compounded interest @3% p.a. on delayed payments.
A Section 8 demand notice was issued to the Corporate Debtor on 03.03.2025 by the Operational Creditor.
The Adjudicating Authority dismissed the Section 9 application filed by the Operational Creditor.
The Corporate Debtor acknowledged their outstanding liability without disputing the principal amount in their reply to the Section 8 Demand Notice.
…Date of the order passed by the Adjudicating…
Date on which a Section 8 demand notice was…