The case pertains to an application filed by M/s Vardhman Trading Company, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Allwyn Furniture Private Limited, the corporate debtor. The operational creditor claimed an outstanding debt of ₹81,56,261/-. The corporate debtor was incorporated on 16.09.2011 and is engaged in the manufacturing of furniture. The operational creditor had been supplying CR Sheets, CR Coils, CR Steel Strips, and HR Coils to the corporate debtor since 30.11.2011.
M/s Vardhman Trading Company, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Allwyn Furniture Private Limited, the corporate debtor, for an outstanding debt of ₹81,56,261/-. The corporate debtor was incorporated on 16.09.2011 and is engaged in furniture manufacturing. The operational creditor supplied CR Sheets, CR Coils, CR Steel Strips, and HR Coils to the corporate debtor since 30.11.2011. The operational creditor sent a demand notice on 10.07.2018, which was delivered to the corporate debtor and its directors. The last payment received by the operational creditor was ₹40,610/- on 13.10.2016. The corporate debtor did not issue any notice of dispute. The corporate debtor remained unrepresented due to
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M/s Vardhman Trading Company started supplying…
Allwyn Furniture Private Limited made the…
The case pertains to an application filed by M/s Vardhman Trading Company, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Allwyn Furniture Private Limited, the corporate debtor. The operational creditor claimed an outstanding debt of ₹81,56,261/-. The corporate debtor was incorporated on 16.09.2011 and is engaged in the manufacturing of furniture. The operational creditor had been supplying CR Sheets, CR Coils, CR Steel Strips, and HR Coils to the corporate debtor since 30.11.2011.
M/s Vardhman Trading Company, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Allwyn Furniture Private Limited, the corporate debtor, for an outstanding debt of ₹81,56,261/-. The corporate debtor was incorporated on 16.09.2011 and is engaged in furniture manufacturing. The operational creditor supplied CR Sheets, CR Coils, CR Steel Strips, and HR Coils to the corporate debtor since 30.11.2011. The operational creditor sent a demand notice on 10.07.2018, which was delivered to the corporate debtor and its directors. The last payment received by the operational creditor was ₹40,610/- on 13.10.2016. The corporate debtor did not issue any notice of dispute. The corporate debtor remained unrepresented due to
…M/s Vardhman Trading Company started supplying…
Allwyn Furniture Private Limited made the…