The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, by M/s Jayesh Tradex Pvt. Ltd. (Operational Creditor) against M/s Adarsh Snacks Pvt Ltd (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an outstanding debt of Rs. 7,47,816, comprising a principal amount of Rs. 5,97,140 and interest of Rs. 1,50,676.
M/s Jayesh Tradex Pvt. Ltd., the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Adarsh Snacks Pvt Ltd, the Corporate Debtor, for an outstanding debt of Rs. 7,47,816. The Operational Creditor supplied packing materials to the Corporate Debtor worth Rs. 5,97,140 and raised various invoices. The Corporate Debtor failed to pay the outstanding amount despite repeated reminders. The Operational Creditor sent a demand notice dated 18.07.2018 to the Corporate Debtor. The Corporate Debtor did not reply to the demand notice or contest the matter before the Tribunal. The invoices submitted by the Operational Creditor were within the limitation period as per Section 238A of the IB Code. The authorized share capital
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M/s Jayesh Tradex Pvt…
M/s Adarsh Snacks…
The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, by M/s Jayesh Tradex Pvt. Ltd. (Operational Creditor) against M/s Adarsh Snacks Pvt Ltd (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an outstanding debt of Rs. 7,47,816, comprising a principal amount of Rs. 5,97,140 and interest of Rs. 1,50,676.
M/s Jayesh Tradex Pvt. Ltd., the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Adarsh Snacks Pvt Ltd, the Corporate Debtor, for an outstanding debt of Rs. 7,47,816. The Operational Creditor supplied packing materials to the Corporate Debtor worth Rs. 5,97,140 and raised various invoices. The Corporate Debtor failed to pay the outstanding amount despite repeated reminders. The Operational Creditor sent a demand notice dated 18.07.2018 to the Corporate Debtor. The Corporate Debtor did not reply to the demand notice or contest the matter before the Tribunal. The invoices submitted by the Operational Creditor were within the limitation period as per Section 238A of the IB Code. The authorized share capital
…M/s Jayesh Tradex Pvt…
M/s Adarsh Snacks…