Maverick Developers & Colonisers Pvt. Ltd filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against OFB Tech Private Limited for initiation of Corporate Insolvency Resolution Process (CIRP) due to default in payment of operational debt.
Maverick Developers & Colonisers Pvt. Ltd. (Operational Creditor) filed a petition on 13.12.2024 against OFB Tech Private Limited (Corporate Debtor) under Section 9 of IBC, 2016.
The Operational Creditor claimed a default of Rs.3,84,15,428/- including interest, with the date of default stated as 31.08.2021 and 27.10.2023.
The Operational Creditor is engaged in the construction industry and sought to procure round HDPE pipes from the Corporate Debtor.
The Corporate Debtor is engaged in the business of retail supply of round HDPE pipes under the make 'Giga'.
The Operational Creditor issued two purchase orders to the Corporate Debtor for HDPE pipes.
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Maverick Developers & Colonisers Pvt. Ltd…
OFB Tech Pvt. Ltd.…
Maverick Developers & Colonisers Pvt. Ltd filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against OFB Tech Private Limited for initiation of Corporate Insolvency Resolution Process (CIRP) due to default in payment of operational debt.
Maverick Developers & Colonisers Pvt. Ltd. (Operational Creditor) filed a petition on 13.12.2024 against OFB Tech Private Limited (Corporate Debtor) under Section 9 of IBC, 2016.
The Operational Creditor claimed a default of Rs.3,84,15,428/- including interest, with the date of default stated as 31.08.2021 and 27.10.2023.
The Operational Creditor is engaged in the construction industry and sought to procure round HDPE pipes from the Corporate Debtor.
The Corporate Debtor is engaged in the business of retail supply of round HDPE pipes under the make 'Giga'.
The Operational Creditor issued two purchase orders to the Corporate Debtor for HDPE pipes.
…Maverick Developers & Colonisers Pvt. Ltd…
OFB Tech Pvt. Ltd.…