The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Vidya Devi Chowdhury, an Operational Creditor, against Vimla Fuels & Metals Limited, the Corporate Debtor, for initiation of Corporate Insolvency Resolution Process (CIRP) due to default in payment of operational debt.
Vidya Devi Chowdhury, Proprietor of BDHCCI Coal Coke Minerals & Metals Enterprises, filed a petition against Vimla Fuels & Metals Limited under Section 9 of the IBC.
The Operational Creditor claimed a total operational debt of Rs. 1,43,93,688/-, including interest, with the principal amount being Rs. 1,18,46,827/-.
The date of default was stated as 04.10.2024.
The Operational Creditor and Corporate Debtor had a commercial relationship for approximately 6-7 years, commencing around 2018-2019.
The Corporate Debtor made partial supplies of LAM Coke against advances received from the Operational Creditor.
The Corporate Debtor acknowledged the debt through ledger statements, emails, and communications.
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Company Petition filed…
Operational Creditor…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Vidya Devi Chowdhury, an Operational Creditor, against Vimla Fuels & Metals Limited, the Corporate Debtor, for initiation of Corporate Insolvency Resolution Process (CIRP) due to default in payment of operational debt.
Vidya Devi Chowdhury, Proprietor of BDHCCI Coal Coke Minerals & Metals Enterprises, filed a petition against Vimla Fuels & Metals Limited under Section 9 of the IBC.
The Operational Creditor claimed a total operational debt of Rs. 1,43,93,688/-, including interest, with the principal amount being Rs. 1,18,46,827/-.
The date of default was stated as 04.10.2024.
The Operational Creditor and Corporate Debtor had a commercial relationship for approximately 6-7 years, commencing around 2018-2019.
The Corporate Debtor made partial supplies of LAM Coke against advances received from the Operational Creditor.
The Corporate Debtor acknowledged the debt through ledger statements, emails, and communications.
…Company Petition filed…
Operational Creditor…