M/s Sunder Engineering Works, a sole proprietorship through Mr. Siddhant Jain (Operational Creditor), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Associated Machinary Corporation Limited (Corporate Debtor) to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an outstanding operational debt of Rs. 6,03,95,205.13/-, arising from the supply of goods. The Corporate Debtor disputed the debt, alleging non-supply of goods, fabricated invoices, and pre-existing disputes, citing criminal complaints and GST investigations against the Operational Creditor and its related entities (Meerut Steel, JSJ Enterprises).
M/s Sunder Engineering Works (Operational Creditor/Applicant), through its proprietor Mr. Siddhant Jain, filed an application under Section 9 of the IBC, 2016.
The application seeks to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Associated Machinery Corporation Limited (Corporate Debtor).
The Operational Creditor is a sole proprietorship firm registered under the Goods and Services Tax (GST) Act.
The Corporate Debtor's registered office is in Ghaziabad, Uttar Pradesh.
The Operational Creditor did not propose an Insolvency Professional in Part-III of the Petition.
The total outstanding debt claimed is Rs. 6,03,95,205.13/-, comprising a principal amount of Rs. 4,12,69,079.88/- and interest of Rs. 1,91,26,125.25/- up to 30.06.2022.
…Sign in to view the parties.
First supply made by…
Last supply made by…
M/s Sunder Engineering Works, a sole proprietorship through Mr. Siddhant Jain (Operational Creditor), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Associated Machinary Corporation Limited (Corporate Debtor) to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an outstanding operational debt of Rs. 6,03,95,205.13/-, arising from the supply of goods. The Corporate Debtor disputed the debt, alleging non-supply of goods, fabricated invoices, and pre-existing disputes, citing criminal complaints and GST investigations against the Operational Creditor and its related entities (Meerut Steel, JSJ Enterprises).
M/s Sunder Engineering Works (Operational Creditor/Applicant), through its proprietor Mr. Siddhant Jain, filed an application under Section 9 of the IBC, 2016.
The application seeks to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Associated Machinery Corporation Limited (Corporate Debtor).
The Operational Creditor is a sole proprietorship firm registered under the Goods and Services Tax (GST) Act.
The Corporate Debtor's registered office is in Ghaziabad, Uttar Pradesh.
The Operational Creditor did not propose an Insolvency Professional in Part-III of the Petition.
The total outstanding debt claimed is Rs. 6,03,95,205.13/-, comprising a principal amount of Rs. 4,12,69,079.88/- and interest of Rs. 1,91,26,125.25/- up to 30.06.2022.
…First supply made by…
Last supply made by…