The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Radico Khaitan Limited (Operational Creditor) against Ajudhia Distributors Private Ltd. (Corporate Debtor) for a default in payment of Rs.47,69,039/-. The Operational Creditor claimed that the Corporate Debtor failed to pay for goods supplied through Passion Beverages, the agent of the Operational Creditor. The goods were supplied to the Company's office at 131, Tagore Road, Ushagram, Asansol, Pin Code - 713303, West Bengal. The debt was due since August 20, 2015. The Operational Creditor presented eight cheques issued by the Corporate Debtor, which were dishonored due to 'Fund Insufficient'. The Corporate Debtor admitted to the amount due.
Radico Khaitan Limited, the Operational Creditor, filed a petition against Ajudhia Distributors Private Ltd., the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The claim was for Rs. 47,69,039/- due to unpaid invoices for goods supplied through Passion Beverages, acting as the agent of the Operational Creditor. The goods, consisting of alcoholic beverages, were delivered to the Corporate Debtor's office in Asansol, West Bengal. The debt had been outstanding since August 20, 2015. The Operational Creditor presented eight cheques issued by the Corporate Debtor, which were dishonored with the remark 'Fund Insufficient'. The Corporate Debtor's admission of the debt was evident from these dishonored cheques. The Operational Creditor also
…Sign in to view the parties.
The debt of Rs.47,69,039…
Copy of the Board…
The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Radico Khaitan Limited (Operational Creditor) against Ajudhia Distributors Private Ltd. (Corporate Debtor) for a default in payment of Rs.47,69,039/-. The Operational Creditor claimed that the Corporate Debtor failed to pay for goods supplied through Passion Beverages, the agent of the Operational Creditor. The goods were supplied to the Company's office at 131, Tagore Road, Ushagram, Asansol, Pin Code - 713303, West Bengal. The debt was due since August 20, 2015. The Operational Creditor presented eight cheques issued by the Corporate Debtor, which were dishonored due to 'Fund Insufficient'. The Corporate Debtor admitted to the amount due.
Radico Khaitan Limited, the Operational Creditor, filed a petition against Ajudhia Distributors Private Ltd., the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The claim was for Rs. 47,69,039/- due to unpaid invoices for goods supplied through Passion Beverages, acting as the agent of the Operational Creditor. The goods, consisting of alcoholic beverages, were delivered to the Corporate Debtor's office in Asansol, West Bengal. The debt had been outstanding since August 20, 2015. The Operational Creditor presented eight cheques issued by the Corporate Debtor, which were dishonored with the remark 'Fund Insufficient'. The Corporate Debtor's admission of the debt was evident from these dishonored cheques. The Operational Creditor also
…The debt of Rs.47,69,039…
Copy of the Board…