Raunak Mercantile and Trading Pvt. Ltd. (Operational Creditor) filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Alankrit Mercantile Pvt. Ltd. (Corporate Debtor). The Operational Creditor alleged that the Corporate Debtor defaulted in making payment for materials supplied, invoking provisions of Section 8 and 9 of the IBC read with Rule 6 of the relevant rules.
Raunak Mercantile and Trading Pvt. Ltd. (Operational Creditor) supplied materials to Alankrit Mercantile Pvt. Ltd. (Corporate Debtor). The Corporate Debtor defaulted on a payment of Rs. 21,26,533/-, including a principal amount of Rs. 20,94,400/- and interest. An invoice dated 25.03.2019 was raised on the Corporate Debtor. The Operational Creditor served a Demand Notice in Form 3 dated 05.08.2019 to the Corporate Debtor. The Corporate Debtor sent replies on 15.04.2019 and 10.06.2019, apologizing for the delay in payment. The petition was filed on 27.08.2019. The Corporate Debtor was set ex-parte on 06.12.2019. The Corporate Debtor received the notice sent by speed post on 22.10.2020.
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Raunak Mercantile and Trading Pvt. Ltd. (Operational Creditor) filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Alankrit Mercantile Pvt. Ltd. (Corporate Debtor). The Operational Creditor alleged that the Corporate Debtor defaulted in making payment for materials supplied, invoking provisions of Section 8 and 9 of the IBC read with Rule 6 of the relevant rules.
Raunak Mercantile and Trading Pvt. Ltd. (Operational Creditor) supplied materials to Alankrit Mercantile Pvt. Ltd. (Corporate Debtor). The Corporate Debtor defaulted on a payment of Rs. 21,26,533/-, including a principal amount of Rs. 20,94,400/- and interest. An invoice dated 25.03.2019 was raised on the Corporate Debtor. The Operational Creditor served a Demand Notice in Form 3 dated 05.08.2019 to the Corporate Debtor. The Corporate Debtor sent replies on 15.04.2019 and 10.06.2019, apologizing for the delay in payment. The petition was filed on 27.08.2019. The Corporate Debtor was set ex-parte on 06.12.2019. The Corporate Debtor received the notice sent by speed post on 22.10.2020.
Purchase ord…
Invoice dated…