The Operational Creditor filed a petition to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to its inability to liquidate debts. The Operational Creditor, engaged in the wholesale supply of grains and vegetables, had a business relationship with the Corporate Debtor for several years.
The Operational Creditor (Mr. Baru Mal Vinod Kumar) filed a petition against the Corporate Debtor (M/s. Amira Pure Foods Pvt. Ltd.) under Section 9 of the IBC, 2016, seeking initiation of CIRP due to the Corporate Debtor's inability to pay its debts. The Operational Creditor supplied grains and vegetables to the Corporate Debtor. The Corporate Debtor had made some payments, including interest on delayed payments. However, two cheques issued by the Corporate Debtor for Rs. 3,81,315/- and Rs. 3,84,015/- were dishonored. The Corporate Debtor failed to take steps to reduce the outstanding liability despite repeated requests. The Operational Creditor issued a notice under Section 8 of the IBC. The claim of the Operational Creditor increased to Rs. 12,96,214/- due to
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Board of Directors convened a meeting and…
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The Operational Creditor filed a petition to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to its inability to liquidate debts. The Operational Creditor, engaged in the wholesale supply of grains and vegetables, had a business relationship with the Corporate Debtor for several years.
The Operational Creditor (Mr. Baru Mal Vinod Kumar) filed a petition against the Corporate Debtor (M/s. Amira Pure Foods Pvt. Ltd.) under Section 9 of the IBC, 2016, seeking initiation of CIRP due to the Corporate Debtor's inability to pay its debts. The Operational Creditor supplied grains and vegetables to the Corporate Debtor. The Corporate Debtor had made some payments, including interest on delayed payments. However, two cheques issued by the Corporate Debtor for Rs. 3,81,315/- and Rs. 3,84,015/- were dishonored. The Corporate Debtor failed to take steps to reduce the outstanding liability despite repeated requests. The Operational Creditor issued a notice under Section 8 of the IBC. The claim of the Operational Creditor increased to Rs. 12,96,214/- due to
…Board of Directors convened a meeting and…
Order delivered by the…