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 (179/2018) for a debt of Rs. 8,27,779/-. Subsequently, both parties filed consent terms 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. The Operational Creditor issued a notice demanding the remaining Rs. 6,00,000/-, but the Corporate Debtor failed to pay.
…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 Operational Creditor had previously filed Company Petition No. 179/2018 for a debt of Rs. 8,27,779/-. Consent terms were filed, with the Corporate Debtor agreeing to pay Rs. 7,00,000/- and issuing a cheque. The cheque was dishonored due to 'Funds Insufficient'. The Corporate Debtor paid Rs. 1,00,000/- after the dishonor. A notice was issued demanding Rs. 6,00,000/-, but the Corporate Debtor failed to pay. A second notice was issued, and the Corporate Debtor admitted liability but failed to make the payment. The matter was listed multiple times since August 2019, with the Corporate Debtor's director
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Petitioner and Corporate Debtor filed consent…
Corporate Debtor issued…
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 (179/2018) for a debt of Rs. 8,27,779/-. Subsequently, both parties filed consent terms 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. The Operational Creditor issued a notice demanding the remaining Rs. 6,00,000/-, but the Corporate Debtor failed to pay.
…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 Operational Creditor had previously filed Company Petition No. 179/2018 for a debt of Rs. 8,27,779/-. Consent terms were filed, with the Corporate Debtor agreeing to pay Rs. 7,00,000/- and issuing a cheque. The cheque was dishonored due to 'Funds Insufficient'. The Corporate Debtor paid Rs. 1,00,000/- after the dishonor. A notice was issued demanding Rs. 6,00,000/-, but the Corporate Debtor failed to pay. A second notice was issued, and the Corporate Debtor admitted liability but failed to make the payment. The matter was listed multiple times since August 2019, with the Corporate Debtor's director
…Petitioner and Corporate Debtor filed consent…
Corporate Debtor issued…