The case originates from an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Mr. Suresh Kumar P. Baheti, Proprietor of M/s. Sunil Metal Corporation, against M/s. ALM Metals and Alloys Limited, the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for aluminum scrap supplied during the financial year 2014-15. The Corporate Debtor is a limited company registered under the Companies Act, 1956. The applicant filed the petition due to non-payment of outstanding invoices.
Mr. Suresh Kumar P. Baheti, the Proprietor of M/s. Sunil Metal Corporation, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. ALM Metals and Alloys Limited, the Corporate Debtor, for non-payment of dues. The Corporate Debtor is a limited company registered on 10.12.2010. The Operational Creditor supplied aluminum scrap to the Corporate Debtor during the financial year 2014-15. The Corporate Debtor maintained a running business account with the Petitioner. The Corporate Debtor is indebted a total sum of Rs.48,02,475 to the applicant towards the goods supplied during the financial year 2014-15. The last payment was received on 10.04.2015. The outstanding amount of Rs. 48,02,475 pertains to the last 4 invoices raised by the
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The case originates from an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Mr. Suresh Kumar P. Baheti, Proprietor of M/s. Sunil Metal Corporation, against M/s. ALM Metals and Alloys Limited, the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for aluminum scrap supplied during the financial year 2014-15. The Corporate Debtor is a limited company registered under the Companies Act, 1956. The applicant filed the petition due to non-payment of outstanding invoices.
Mr. Suresh Kumar P. Baheti, the Proprietor of M/s. Sunil Metal Corporation, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. ALM Metals and Alloys Limited, the Corporate Debtor, for non-payment of dues. The Corporate Debtor is a limited company registered on 10.12.2010. The Operational Creditor supplied aluminum scrap to the Corporate Debtor during the financial year 2014-15. The Corporate Debtor maintained a running business account with the Petitioner. The Corporate Debtor is indebted a total sum of Rs.48,02,475 to the applicant towards the goods supplied during the financial year 2014-15. The last payment was received on 10.04.2015. The outstanding amount of Rs. 48,02,475 pertains to the last 4 invoices raised by the
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