RQS Engineering Pvt. Ltd., an Operational Creditor, filed a petition under Section 9 of the IBC, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Aditya Thermopack Pvt. Ltd., the Corporate Debtor, due to its inability to pay outstanding dues. The Operational Creditor had been supplying goods to the Corporate Debtor, maintaining a running account. Despite reminders, the Corporate Debtor failed to pay the amount due as per invoices raised on 19.09.2019 and 20.09.2019. A demand notice was issued on 23.04.2019 under Section 8 of the Code.
RQS Engineering Pvt. Ltd. (Operational Creditor) supplied goods to Aditya Thermopack Pvt. Ltd. (Corporate Debtor) and maintained a running account. Two invoices were raised on 19.09.2019 and 20.09.2019, but the Corporate Debtor failed to make payments despite reminders. The Operational Creditor issued a demand notice on 23.04.2019 under Section 8 of the IBC. The Corporate Debtor acknowledged the outstanding liability in an email dated May 22, 2019, proposing a payment plan in installments. The Corporate Debtor failed to adhere to the proposed payment plan. The Corporate Debtor did not appear before the Tribunal despite service of notice.
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Operational Creditor issued a demand notice to…
Corporate Debtor sent an email acknowledging…
RQS Engineering Pvt. Ltd., an Operational Creditor, filed a petition under Section 9 of the IBC, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Aditya Thermopack Pvt. Ltd., the Corporate Debtor, due to its inability to pay outstanding dues. The Operational Creditor had been supplying goods to the Corporate Debtor, maintaining a running account. Despite reminders, the Corporate Debtor failed to pay the amount due as per invoices raised on 19.09.2019 and 20.09.2019. A demand notice was issued on 23.04.2019 under Section 8 of the Code.
RQS Engineering Pvt. Ltd. (Operational Creditor) supplied goods to Aditya Thermopack Pvt. Ltd. (Corporate Debtor) and maintained a running account. Two invoices were raised on 19.09.2019 and 20.09.2019, but the Corporate Debtor failed to make payments despite reminders. The Operational Creditor issued a demand notice on 23.04.2019 under Section 8 of the IBC. The Corporate Debtor acknowledged the outstanding liability in an email dated May 22, 2019, proposing a payment plan in installments. The Corporate Debtor failed to adhere to the proposed payment plan. The Corporate Debtor did not appear before the Tribunal despite service of notice.
Operational Creditor issued a demand notice to…
Corporate Debtor sent an email acknowledging…