The Operational Creditor, Polyhose India Private Limited, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Aadnath Trade Wings Private Limited.

The total amount in default was Rs. 3,07,09,933.56/- plus interest @ 18% of Rs. 1,75,06,751/-, with the date of default mentioned as 21st March, 2016.

The Operational Creditor and Corporate Debtor had a business relationship where the Operational Creditor supplied construction equipment, machines, graders, and tools to the Corporate Debtor.

The Corporate Debtor acknowledged an outstanding amount vide confirmation letter dated 19th September, 2017, but failed to make payment.

The Operational Creditor issued a demand notice dated 18th July, 2019, requesting outstanding dues.

The Operational Creditor, Polyhose India Private Limited, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Aadnath Trade Wings Private Limited.

The total amount in default was Rs. 3,07,09,933.56/- plus interest @ 18% of Rs. 1,75,06,751/-, with the date of default mentioned as 21st March, 2016.

The Operational Creditor and Corporate Debtor had a business relationship where the Operational Creditor supplied construction equipment, machines, graders, and tools to the Corporate Debtor.

The Corporate Debtor acknowledged an outstanding amount vide confirmation letter dated 19th September, 2017, but failed to make payment.

The Operational Creditor issued a demand notice dated 18th July, 2019, requesting outstanding dues.