The case originates from a Company Petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) by ABC Infra Equipment Private Limited (the Operational Creditor) seeking to initiate Corporate Insolvency Resolution Process (CIRP) against A R Coating Solutions (India) Private Limited (the Corporate Debtor). The Operational Creditor claims that the Corporate Debtor failed to pay a sum of Rs. 11,34,230/- as the principal amount, with interest at 18% per annum, as per invoices. The date of default is 08.06.2017.
ABC Infra Equipment Private Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against A R Coating Solutions (India) Private Limited, the Corporate Debtor. The Operational Creditor claimed a default of Rs. 11,34,230/- as the principal amount, with interest at 18% per annum, based on unpaid invoices. The date of default was 08.06.2017. The Operational Creditor supplied Boom Lifts 120 ft crane to the Corporate Debtor. The Corporate Debtor issued a letter dated 08.06.2017 acknowledging the outstanding amount. The Corporate Debtor also issued two cheques, one for Rs. 5,50,983/- dated 16.04.2017 and another for Rs. 11,34,232/- dated 17.07.2018,
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Invoice No. 573…
Invoice No. 038…
The case originates from a Company Petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) by ABC Infra Equipment Private Limited (the Operational Creditor) seeking to initiate Corporate Insolvency Resolution Process (CIRP) against A R Coating Solutions (India) Private Limited (the Corporate Debtor). The Operational Creditor claims that the Corporate Debtor failed to pay a sum of Rs. 11,34,230/- as the principal amount, with interest at 18% per annum, as per invoices. The date of default is 08.06.2017.
ABC Infra Equipment Private Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against A R Coating Solutions (India) Private Limited, the Corporate Debtor. The Operational Creditor claimed a default of Rs. 11,34,230/- as the principal amount, with interest at 18% per annum, based on unpaid invoices. The date of default was 08.06.2017. The Operational Creditor supplied Boom Lifts 120 ft crane to the Corporate Debtor. The Corporate Debtor issued a letter dated 08.06.2017 acknowledging the outstanding amount. The Corporate Debtor also issued two cheques, one for Rs. 5,50,983/- dated 16.04.2017 and another for Rs. 11,34,232/- dated 17.07.2018,
…Invoice No. 573…
Invoice No. 038…