The case involves a Company Petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Mr. Mahesh Goyal, Proprietor of M/s. Gulab Fibres (Operational Creditor) against M/s ANV Techfab Pvt. Ltd (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor had previously filed a Company Petition bearing no. 179/2018 for resolution of debt amounting to Rs. 8,27,779/-. Subsequently, both parties filed consent terms before the Bench on 03.05.2018, where the Corporate Debtor agreed to pay Rs. 7,00,000/- and issued a cheque. The cheque was dishonored due to insufficient funds. The Corporate Debtor made a partial payment of Rs. 1,00,000/- after the dishonor. A notice was issued to the Corporate Debtor on
…Mr. Mahesh Goyal, proprietor of M/s Gulab Fibres, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s ANV Techfab Pvt. Ltd. The petition sought to initiate Corporate Insolvency Resolution Process (CIRP) due to an outstanding debt. Previously, the Petitioner/Operational Debtor had filed Company Petition no. 179/2018 for a debt of Rs. 8,27,779/-. Consent terms were filed on 03.05.2018, with the Corporate Debtor agreeing to pay Rs. 7,00,000/- and issuing a cheque. The cheque was dishonored due to 'Funds Insufficient'. Subsequently, the Corporate Debtor paid Rs. 1,00,000/-. A notice dated 4th June, 2018, was issued to the Corporate Debtor to pay the remaining Rs. 6,00,000/-, which was received. A second notice was issued on
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The Petitioner/Operational Debtor and the…
The Corporate Debtor issued a cheque bearing no.…
The case involves a Company Petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Mr. Mahesh Goyal, Proprietor of M/s. Gulab Fibres (Operational Creditor) against M/s ANV Techfab Pvt. Ltd (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor had previously filed a Company Petition bearing no. 179/2018 for resolution of debt amounting to Rs. 8,27,779/-. Subsequently, both parties filed consent terms before the Bench on 03.05.2018, where the Corporate Debtor agreed to pay Rs. 7,00,000/- and issued a cheque. The cheque was dishonored due to insufficient funds. The Corporate Debtor made a partial payment of Rs. 1,00,000/- after the dishonor. A notice was issued to the Corporate Debtor on
…Mr. Mahesh Goyal, proprietor of M/s Gulab Fibres, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s ANV Techfab Pvt. Ltd. The petition sought to initiate Corporate Insolvency Resolution Process (CIRP) due to an outstanding debt. Previously, the Petitioner/Operational Debtor had filed Company Petition no. 179/2018 for a debt of Rs. 8,27,779/-. Consent terms were filed on 03.05.2018, with the Corporate Debtor agreeing to pay Rs. 7,00,000/- and issuing a cheque. The cheque was dishonored due to 'Funds Insufficient'. Subsequently, the Corporate Debtor paid Rs. 1,00,000/-. A notice dated 4th June, 2018, was issued to the Corporate Debtor to pay the remaining Rs. 6,00,000/-, which was received. A second notice was issued on
…The Petitioner/Operational Debtor and the…
The Corporate Debtor issued a cheque bearing no.…