The case pertains to an application filed by M/s. Gayatri Sea Foods and Feeds Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s. Apex Aqua Agencies Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted in making payment of Rs.5,74,09,966/- towards invoices raised for goods supplied.
M/s. Gayatri Sea Foods and Feeds Private Limited (Operational Creditor), which is under CIRP, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Apex Aqua Agencies Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted in making payment of Rs.5,74,09,966/- for goods supplied. A demand notice was issued on 2021-07-16, but the Corporate Debtor did not respond. The Corporate Debtor also failed to file a counter to the petition despite several adjournments. The Tribunal forfeited the Corporate Debtor's right to file a counter. The Operational Creditor suggested the name of Mr. Kurapati Singarayya Chowdary as the Interim
…Sign in to view the parties.
The Operational Creditor issued a demand…
The Tribunal forfeited the right of the…
The case pertains to an application filed by M/s. Gayatri Sea Foods and Feeds Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s. Apex Aqua Agencies Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted in making payment of Rs.5,74,09,966/- towards invoices raised for goods supplied.
M/s. Gayatri Sea Foods and Feeds Private Limited (Operational Creditor), which is under CIRP, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Apex Aqua Agencies Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted in making payment of Rs.5,74,09,966/- for goods supplied. A demand notice was issued on 2021-07-16, but the Corporate Debtor did not respond. The Corporate Debtor also failed to file a counter to the petition despite several adjournments. The Tribunal forfeited the Corporate Debtor's right to file a counter. The Operational Creditor suggested the name of Mr. Kurapati Singarayya Chowdary as the Interim
…The Operational Creditor issued a demand…
The Tribunal forfeited the right of the…