The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by M/s R.K. Satyam Dyes & Chemicals, an operational creditor, against M/s Alaska Fabtech Pvt. Ltd., the corporate debtor, to initiate the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed that the corporate debtor defaulted in paying an outstanding amount of Rs. 1,88,150/- for goods supplied. The petitioner issued a demand notice dated 02.05.2019 under Section 8 of the IBC, which was duly served to the corporate debtor. Despite several opportunities, the corporate debtor neither appeared nor filed any reply. The matter was heard ex parte.
M/s R.K. Satyam Dyes & Chemicals, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Alaska Fabtech Pvt. Ltd., the corporate debtor. The operational creditor claimed that the corporate debtor defaulted in paying a principal amount of Rs. 1,88,150/- for chemicals and dyes supplied, based on an invoice dated 24.08.2017. A demand notice was issued on 02.05.2019 under Section 8 of the IBC. The notice was sent via speed post and email. The corporate debtor did not raise any dispute or make any payment. The petition was filed on 06.06.2019. The registered office of the corporate debtor is in Bathinda, Punjab. The corporate debtor failed to appear or file a reply despite several opportunities. The petitioner
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Invoice raised…
Demand notice issued to…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by M/s R.K. Satyam Dyes & Chemicals, an operational creditor, against M/s Alaska Fabtech Pvt. Ltd., the corporate debtor, to initiate the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed that the corporate debtor defaulted in paying an outstanding amount of Rs. 1,88,150/- for goods supplied. The petitioner issued a demand notice dated 02.05.2019 under Section 8 of the IBC, which was duly served to the corporate debtor. Despite several opportunities, the corporate debtor neither appeared nor filed any reply. The matter was heard ex parte.
M/s R.K. Satyam Dyes & Chemicals, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Alaska Fabtech Pvt. Ltd., the corporate debtor. The operational creditor claimed that the corporate debtor defaulted in paying a principal amount of Rs. 1,88,150/- for chemicals and dyes supplied, based on an invoice dated 24.08.2017. A demand notice was issued on 02.05.2019 under Section 8 of the IBC. The notice was sent via speed post and email. The corporate debtor did not raise any dispute or make any payment. The petition was filed on 06.06.2019. The registered office of the corporate debtor is in Bathinda, Punjab. The corporate debtor failed to appear or file a reply despite several opportunities. The petitioner
…Invoice raised…
Demand notice issued to…