Raymond UCO Denim Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against VOI Jeans Retail India Private Limited, seeking to initiate Corporate Insolvency Resolution Process (CIRP) due to unpaid dues.
Raymond UCO Denim Pvt. Ltd. (Operational Creditor) filed a petition against VOI Jeans Retail India Private Limited (Corporate Debtor) under Section 9 of the IBC, 2016.
The Corporate Debtor defaulted on payments amounting to Rs. 1,11,75,455/- as on 28.02.2024.
The Operational Creditor issued a demand notice dated 19.03.2025 under Section 8(1) in Form 3, which remained uncomplied.
The Corporate Debtor issued purchase orders to the Operational Creditor for receiving fabrics.
The Corporate Debtor made a part payment of Rs. 15,00,000 on 14.11.2024.
The petition was filed on 19.07.2025.
The date of default is 29.02.2024, calculated as 60 days from the first invoice bearing No. FD20244067 dated 31.12.2023.
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Demand Notice under Section 8(1) in Form 3…
The Corporate Debtor has committed a default in…
Raymond UCO Denim Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against VOI Jeans Retail India Private Limited, seeking to initiate Corporate Insolvency Resolution Process (CIRP) due to unpaid dues.
Raymond UCO Denim Pvt. Ltd. (Operational Creditor) filed a petition against VOI Jeans Retail India Private Limited (Corporate Debtor) under Section 9 of the IBC, 2016.
The Corporate Debtor defaulted on payments amounting to Rs. 1,11,75,455/- as on 28.02.2024.
The Operational Creditor issued a demand notice dated 19.03.2025 under Section 8(1) in Form 3, which remained uncomplied.
The Corporate Debtor issued purchase orders to the Operational Creditor for receiving fabrics.
The Corporate Debtor made a part payment of Rs. 15,00,000 on 14.11.2024.
The petition was filed on 19.07.2025.
The date of default is 29.02.2024, calculated as 60 days from the first invoice bearing No. FD20244067 dated 31.12.2023.
Demand Notice under Section 8(1) in Form 3…
The Corporate Debtor has committed a default in…