Nareshkumar Harishchandra Shakya, Proprietor of N.H. Scrap Traders (Operational Creditor), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Kena Alloys Private Limited (Corporate Debtor) for a default of Rs. 1,48,57,650/-. The default originated from 10.11.2021. Previous applications were rejected on technical grounds, such as the demand notice being in the firm's name instead of the proprietor's, or failure to file a transfer petition. Fresh demand notices were subsequently issued, and the Corporate Debtor acknowledged the outstanding liability and its financial difficulties via email.
Nareshkumar Harishchandra Shakya, Proprietor of N.H. Scrap Traders, is the Operational Creditor.
Kena Alloys Private Limited is the Corporate Debtor.
The Operational Creditor filed an application under Section 9 of the IBC for a default of Rs. 1,48,57,650/-.
The default occurred on and from 10.11.2021, which was the due date of the first invoice.
The Operational Creditor, engaged in trading MS Scrap, had been supplying to the Corporate Debtor since 2017.
The Corporate Debtor made regular payments until 09.11.2021, but thereafter failed to make full payment for supplies.
Goods were duly supplied and received by the Corporate Debtor without any dispute or demur.
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Due date of the first…
Corporate Debtor issued…
Nareshkumar Harishchandra Shakya, Proprietor of N.H. Scrap Traders (Operational Creditor), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Kena Alloys Private Limited (Corporate Debtor) for a default of Rs. 1,48,57,650/-. The default originated from 10.11.2021. Previous applications were rejected on technical grounds, such as the demand notice being in the firm's name instead of the proprietor's, or failure to file a transfer petition. Fresh demand notices were subsequently issued, and the Corporate Debtor acknowledged the outstanding liability and its financial difficulties via email.
Nareshkumar Harishchandra Shakya, Proprietor of N.H. Scrap Traders, is the Operational Creditor.
Kena Alloys Private Limited is the Corporate Debtor.
The Operational Creditor filed an application under Section 9 of the IBC for a default of Rs. 1,48,57,650/-.
The default occurred on and from 10.11.2021, which was the due date of the first invoice.
The Operational Creditor, engaged in trading MS Scrap, had been supplying to the Corporate Debtor since 2017.
The Corporate Debtor made regular payments until 09.11.2021, but thereafter failed to make full payment for supplies.
Goods were duly supplied and received by the Corporate Debtor without any dispute or demur.
…Due date of the first…
Corporate Debtor issued…