Arora Iron & Steel Rolling Mills Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against JKEW Forgings Limited due to its failure to pay an outstanding operational debt of Rs. 1,06,76,044.80. The date of default was declared as 23.07.2021.
Arora Iron & Steel Rolling Mills Private Limited (Operational Creditor) supplied alloy steel to JKEW Forgings Limited (Corporate Debtor).
The Operational Creditor claimed an outstanding debt of Rs. 1,06,76,044.80 as of 23.07.2021.
The Corporate Debtor made partial payments but failed to clear the entire outstanding amount.
The Corporate Debtor issued three post-dated cheques, which were dishonored upon presentation.
The Operational Creditor issued a demand notice dated 10.09.2021 under Section 8 of the IBC.
The Corporate Debtor replied to the demand notice on 20.09.2021, disputing the claim and alleging that the amount was below Rs. 1 crore.
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Application filed under Section 9 of IBC by…
Declared date of…
Arora Iron & Steel Rolling Mills Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against JKEW Forgings Limited due to its failure to pay an outstanding operational debt of Rs. 1,06,76,044.80. The date of default was declared as 23.07.2021.
Arora Iron & Steel Rolling Mills Private Limited (Operational Creditor) supplied alloy steel to JKEW Forgings Limited (Corporate Debtor).
The Operational Creditor claimed an outstanding debt of Rs. 1,06,76,044.80 as of 23.07.2021.
The Corporate Debtor made partial payments but failed to clear the entire outstanding amount.
The Corporate Debtor issued three post-dated cheques, which were dishonored upon presentation.
The Operational Creditor issued a demand notice dated 10.09.2021 under Section 8 of the IBC.
The Corporate Debtor replied to the demand notice on 20.09.2021, disputing the claim and alleging that the amount was below Rs. 1 crore.
…Application filed under Section 9 of IBC by…
Declared date of…