Futura Engineering Pvt Ltd (Operational Creditor) filed an application under Section 9 of IBC against Cengres Tiles Ltd (Corporate Debtor) on 28/10/2020.

The claimed debt in default is Rs. 8,21,294/-.

The Corporate Debtor and Operational Creditor were in a business relationship involving the purchase of engineering goods.

The Operational Creditor issued a demand notice dated 07/03/2020 to the Corporate Debtor under Section 8(1) of IBC.

The Corporate Debtor filed an affidavit dated 06/03/2021 stating that the present petition was executed on 20/10/2020 after the notification dated 24/03/2020 regarding the increase in the threshold limit.

The Corporate Debtor made a payment of Rs. 1,50,000/- to the Operational Creditor on 26/08/2019.

Futura Engineering Pvt Ltd (Operational Creditor) filed an application under Section 9 of IBC against Cengres Tiles Ltd (Corporate Debtor) on 28/10/2020.

The claimed debt in default is Rs. 8,21,294/-.

The Corporate Debtor and Operational Creditor were in a business relationship involving the purchase of engineering goods.

The Operational Creditor issued a demand notice dated 07/03/2020 to the Corporate Debtor under Section 8(1) of IBC.

The Corporate Debtor filed an affidavit dated 06/03/2021 stating that the present petition was executed on 20/10/2020 after the notification dated 24/03/2020 regarding the increase in the threshold limit.

The Corporate Debtor made a payment of Rs. 1,50,000/- to the Operational Creditor on 26/08/2019.