K B Udhyog LLP, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Laxmi Metal Syndicate LLP, the Corporate Debtor, for default in payment of operational debt amounting to Rs. 1,48,50,469/-. The date of default was stated as 18.12.2022.
K B Udhyog LLP filed a petition against Laxmi Metal Syndicate LLP under Section 9 of the IBC.
The Operational Creditor claimed a default of Rs. 1,48,50,469/-.
The date of default was stated as 18.12.2022.
The Operational Creditor supplied Copper and Aluminium Scrap to the Corporate Debtor.
The Corporate Debtor failed to make payments for more than one year despite reminders.
The Operational Creditor issued a demand notice dated 11.03.2025 under Section 8 of the IBC.
The Corporate Debtor admitted debt and default but cited financial distress.
The Operational Creditor filed Form-C with NeSL, recording the default.
Mr. Kashyap Ashwinbhai Shah was proposed as the Interim Resolution Professional (IRP).
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The date of de…
Operational Creditor…
K B Udhyog LLP, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Laxmi Metal Syndicate LLP, the Corporate Debtor, for default in payment of operational debt amounting to Rs. 1,48,50,469/-. The date of default was stated as 18.12.2022.
K B Udhyog LLP filed a petition against Laxmi Metal Syndicate LLP under Section 9 of the IBC.
The Operational Creditor claimed a default of Rs. 1,48,50,469/-.
The date of default was stated as 18.12.2022.
The Operational Creditor supplied Copper and Aluminium Scrap to the Corporate Debtor.
The Corporate Debtor failed to make payments for more than one year despite reminders.
The Operational Creditor issued a demand notice dated 11.03.2025 under Section 8 of the IBC.
The Corporate Debtor admitted debt and default but cited financial distress.
The Operational Creditor filed Form-C with NeSL, recording the default.
Mr. Kashyap Ashwinbhai Shah was proposed as the Interim Resolution Professional (IRP).
The date of de…
Operational Creditor…