The Operational Creditor, M/s. Shubh Cotton, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor, Rajeshwari Cotspin Limited, seeking initiation of Corporate Insolvency Resolution Process (CIRP) due to a default of Rs.4,27,89,552.64/- including interest. The date of default was stated as 07.01.2020.
M/s. Shubh Cotton filed an application under Section 9 of the IBC against Rajeshwari Cotspin Limited.
The claimed default amount was Rs.4,27,89,552.64/- including interest.
The date of default was stated as 07.01.2020.
Shubh Cotton supplied cotton bales to Rajeshwari Cotspin Limited between 07.05.2019 and 23.12.2019.
Rajeshwari Cotspin Limited issued several cheques that were later dishonored.
A demand notice was issued on 29.04.2023.
Rajeshwari Cotspin Limited denied the allegations and claimed that no operational debt was due.
The applicant relied on the Supreme Court's order in Suo Motu Writ Petition (C) No. 3 of 2020 regarding the extension of the limitation period.
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The Operational Creditor, M/s. Shubh Cotton, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against the Corporate Debtor, Rajeshwari Cotspin Limited, seeking initiation of Corporate Insolvency Resolution Process (CIRP) due to a default of Rs.4,27,89,552.64/- including interest. The date of default was stated as 07.01.2020.
M/s. Shubh Cotton filed an application under Section 9 of the IBC against Rajeshwari Cotspin Limited.
The claimed default amount was Rs.4,27,89,552.64/- including interest.
The date of default was stated as 07.01.2020.
Shubh Cotton supplied cotton bales to Rajeshwari Cotspin Limited between 07.05.2019 and 23.12.2019.
Rajeshwari Cotspin Limited issued several cheques that were later dishonored.
A demand notice was issued on 29.04.2023.
Rajeshwari Cotspin Limited denied the allegations and claimed that no operational debt was due.
The applicant relied on the Supreme Court's order in Suo Motu Writ Petition (C) No. 3 of 2020 regarding the extension of the limitation period.
…Applicant supplied cotton bales to the Corporate…
Last date of in…