Kiwi International, the Operational Creditor/Applicant, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) against Alaska Creations Private Limited, the Corporate Debtor, for initiating Corporate Insolvency Resolution Process (CIRP). The application was filed on 25.09.2018, being CP 3644(IB)/MB/2018.
Kiwi International (Operational Creditor) filed an application against Alaska Creations Private Limited (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The application, filed on 25.09.2018, claimed a total default of ₹97,10,749/- including interest at 18% p.a. as of 08.08.2018. Kiwi International supplied footwears to Alaska Creations Private Limited from 28.04.2016 to 12.06.2017 based on oral purchase orders. The invoices for these supplies were annexed to the application. Certificates of Export dated 07.12.2016, 17.01.2017, 27.07.2017, and 02.10.2017, along with shipping and transport documents, were also provided as evidence of the business transaction. Kiwi
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Applicant supplied footwears to the Corporate…
The date of last…
Kiwi International, the Operational Creditor/Applicant, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code) against Alaska Creations Private Limited, the Corporate Debtor, for initiating Corporate Insolvency Resolution Process (CIRP). The application was filed on 25.09.2018, being CP 3644(IB)/MB/2018.
Kiwi International (Operational Creditor) filed an application against Alaska Creations Private Limited (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The application, filed on 25.09.2018, claimed a total default of ₹97,10,749/- including interest at 18% p.a. as of 08.08.2018. Kiwi International supplied footwears to Alaska Creations Private Limited from 28.04.2016 to 12.06.2017 based on oral purchase orders. The invoices for these supplies were annexed to the application. Certificates of Export dated 07.12.2016, 17.01.2017, 27.07.2017, and 02.10.2017, along with shipping and transport documents, were also provided as evidence of the business transaction. Kiwi
…Applicant supplied footwears to the Corporate…
The date of last…