Kataria Plastics Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Teerth Gopicon Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The application stemmed from the Corporate Debtor's default in payment for HDPE pipes supplied by the Operational Creditor, amounting to Rs. 1,16,28,841/-.
An application was filed on 27.10.2025 under Section 9 of the IBC, 2016, by Kataria Plastics Private Limited, through its Director Mr. Hemant Kataria.
The application sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Teerth Gopicon Limited, the Corporate Debtor.
Kataria Plastics Private Limited is registered under the Companies Act, 1956, and its Director, Mr. Hemant Kataria, was authorized by a Board Resolution dated 24.06.2025 to affirm the petition.
The Operational Creditor (Kataria Plastics) is engaged in the business of supplying HDPE Pipes.
The total amount in default is Rs. 1,16,28,841/-.
The date of default is 05.09.2024.
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Kataria Plastics…
Corporate Debtor confirmed purchase order Ref…
Kataria Plastics Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Teerth Gopicon Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The application stemmed from the Corporate Debtor's default in payment for HDPE pipes supplied by the Operational Creditor, amounting to Rs. 1,16,28,841/-.
An application was filed on 27.10.2025 under Section 9 of the IBC, 2016, by Kataria Plastics Private Limited, through its Director Mr. Hemant Kataria.
The application sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Teerth Gopicon Limited, the Corporate Debtor.
Kataria Plastics Private Limited is registered under the Companies Act, 1956, and its Director, Mr. Hemant Kataria, was authorized by a Board Resolution dated 24.06.2025 to affirm the petition.
The Operational Creditor (Kataria Plastics) is engaged in the business of supplying HDPE Pipes.
The total amount in default is Rs. 1,16,28,841/-.
The date of default is 05.09.2024.
…Kataria Plastics…
Corporate Debtor confirmed purchase order Ref…