RQS Engineering Pvt. Ltd., an Operational Creditor, filed a petition under Section 9 of the IBC, 2016, seeking initiation of 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 two 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), maintaining a running account. Two invoices were raised on 19.09.2019 and 20.09.2019. The Corporate Debtor failed to make payments despite reminders. A demand notice was issued 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. The Corporate Debtor failed to adhere to the payment plan. The Operational Creditor filed a petition under Section 9 of the IBC seeking initiation of CIRP. The Corporate Debtor did not appear before the Tribunal despite service of notice. The email acknowledgment of debt is a key fact supporting the Operational Creditor's
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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 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 two 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), maintaining a running account. Two invoices were raised on 19.09.2019 and 20.09.2019. The Corporate Debtor failed to make payments despite reminders. A demand notice was issued 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. The Corporate Debtor failed to adhere to the payment plan. The Operational Creditor filed a petition under Section 9 of the IBC seeking initiation of CIRP. The Corporate Debtor did not appear before the Tribunal despite service of notice. The email acknowledgment of debt is a key fact supporting the Operational Creditor's
…Operational Creditor issued a demand notice to…
Corporate Debtor sent an email acknowledging…