The Operational Creditor, M/s Fontal Flexipack Ltd., filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s Adityasamraj Natural Foods Private Limited, for an alleged default of Rs. 4,17,878/-. The Operational Creditor claimed that the Corporate Debtor failed to clear the outstanding debt for goods supplied. The Operational Creditor submitted details of transactions, including the supply of plastic and printed film for packaging, part payments made by the Corporate Debtor, and repeated requests and reminders sent to the Corporate Debtor for the outstanding amount.
M/s Fontal Flexipack Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s Adityasamraj Natural Foods Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on a payment of Rs. 4,17,878/- for goods supplied. The Operational Creditor supplied plastic and printed film for packaging to the Corporate Debtor from time to time. The Corporate Debtor made part payments from April 2016 to July 2019. The Operational Creditor sent repeated requests and reminders to the Corporate Debtor for the outstanding amount. A statutory demand notice under Section 8 of IBC, 2016, dated 24.10.2019, was issued. The demand notice was refused at the Corporate
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Corporate Debtor placed…
Corporate Debtor placed…
The Operational Creditor, M/s Fontal Flexipack Ltd., filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s Adityasamraj Natural Foods Private Limited, for an alleged default of Rs. 4,17,878/-. The Operational Creditor claimed that the Corporate Debtor failed to clear the outstanding debt for goods supplied. The Operational Creditor submitted details of transactions, including the supply of plastic and printed film for packaging, part payments made by the Corporate Debtor, and repeated requests and reminders sent to the Corporate Debtor for the outstanding amount.
M/s Fontal Flexipack Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s Adityasamraj Natural Foods Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on a payment of Rs. 4,17,878/- for goods supplied. The Operational Creditor supplied plastic and printed film for packaging to the Corporate Debtor from time to time. The Corporate Debtor made part payments from April 2016 to July 2019. The Operational Creditor sent repeated requests and reminders to the Corporate Debtor for the outstanding amount. A statutory demand notice under Section 8 of IBC, 2016, dated 24.10.2019, was issued. The demand notice was refused at the Corporate
…Corporate Debtor placed…
Corporate Debtor placed…