M/s Shoora, an Operational Creditor, filed a Section 9 IBC petition against M/s New Pearl Vitrified Private Limited, the Corporate Debtor, for an outstanding debt of Rs. 1,36,99,329/- (principal Rs. 1,01,37,908/- and interest Rs. 35,61,421/-). The debt arose from the supply of Soda Powder against 80 invoices between May and June 2023. The Corporate Debtor acknowledged the debt via email and made a partial payment of Rs. 3,00,000/- but failed to pay the remaining amount despite a demand notice.
M/s Shoora, a partnership firm and Operational Creditor, filed a petition under Section 9 of IBC against M/s New Pearl Vitrified Private Limited, the Corporate Debtor.
The Operational Creditor is engaged in the business of manufacturing/trading/job work of engineered quartz stone/surface and/or marbles.
The Corporate Debtor was incorporated on 24.09.2010.
The Operational Creditor proposed Mr. Manish Santosh Buchasia as the Resolution Professional.
The total outstanding Debt claimed is Rs. 1,36,99,329/- out of which Rs. 1,01,37,908/- is towards the principal amount and Rs. 35,61,421/- is towards interest amount calculated @18% p.a. as on 31.05.2025.
The Date of Default is shown as 24.04.2025.
…Sign in to view the parties.
M/s New Pearl Vitrified…
Applicant (M/s Shoora)…
M/s Shoora, an Operational Creditor, filed a Section 9 IBC petition against M/s New Pearl Vitrified Private Limited, the Corporate Debtor, for an outstanding debt of Rs. 1,36,99,329/- (principal Rs. 1,01,37,908/- and interest Rs. 35,61,421/-). The debt arose from the supply of Soda Powder against 80 invoices between May and June 2023. The Corporate Debtor acknowledged the debt via email and made a partial payment of Rs. 3,00,000/- but failed to pay the remaining amount despite a demand notice.
M/s Shoora, a partnership firm and Operational Creditor, filed a petition under Section 9 of IBC against M/s New Pearl Vitrified Private Limited, the Corporate Debtor.
The Operational Creditor is engaged in the business of manufacturing/trading/job work of engineered quartz stone/surface and/or marbles.
The Corporate Debtor was incorporated on 24.09.2010.
The Operational Creditor proposed Mr. Manish Santosh Buchasia as the Resolution Professional.
The total outstanding Debt claimed is Rs. 1,36,99,329/- out of which Rs. 1,01,37,908/- is towards the principal amount and Rs. 35,61,421/- is towards interest amount calculated @18% p.a. as on 31.05.2025.
The Date of Default is shown as 24.04.2025.
…M/s New Pearl Vitrified…
Applicant (M/s Shoora)…