The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, by Ridhi Sidhi Glasses (India) Pvt. Ltd, an operational creditor, against Arm Winsys Tech Pvt. Ltd, the corporate debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP). The operational creditor claims that the corporate debtor failed to pay for the supply of goods, specifically laminated safety polish glass, frosted glass, and clear tough glass, delivered between 2016 and 2017.
Ridhi Sidhi Glasses (India) Pvt. Ltd. (Operational Creditor) supplied laminated safety polish glass, frosted glass, and clear tough glass to Arm Winsys Tech Pvt. Ltd. (Corporate Debtor) from 2016-12-13 to 2017-09-28. Invoices were raised for these supplies. The Corporate Debtor did not dispute the quantity or quality of the goods at the time of delivery. However, the Corporate Debtor failed to pay the invoiced amount. The Operational Creditor issued a demand notice under Section 8 of the IBC, 2016, on 2019-06-25, demanding Rs. 11,38,726/- plus 18% interest, totaling Rs. 15,81,012/-, which was received by the Corporate Debtor. The Corporate Debtor neither paid the debt nor responded to the demand notice. The Operational Creditor then filed a petition under Section 9 of
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Ridhi Sidhi Glasses…
Ridhi Sidhi Glasses (India) Pvt. Ltd.…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, by Ridhi Sidhi Glasses (India) Pvt. Ltd, an operational creditor, against Arm Winsys Tech Pvt. Ltd, the corporate debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP). The operational creditor claims that the corporate debtor failed to pay for the supply of goods, specifically laminated safety polish glass, frosted glass, and clear tough glass, delivered between 2016 and 2017.
Ridhi Sidhi Glasses (India) Pvt. Ltd. (Operational Creditor) supplied laminated safety polish glass, frosted glass, and clear tough glass to Arm Winsys Tech Pvt. Ltd. (Corporate Debtor) from 2016-12-13 to 2017-09-28. Invoices were raised for these supplies. The Corporate Debtor did not dispute the quantity or quality of the goods at the time of delivery. However, the Corporate Debtor failed to pay the invoiced amount. The Operational Creditor issued a demand notice under Section 8 of the IBC, 2016, on 2019-06-25, demanding Rs. 11,38,726/- plus 18% interest, totaling Rs. 15,81,012/-, which was received by the Corporate Debtor. The Corporate Debtor neither paid the debt nor responded to the demand notice. The Operational Creditor then filed a petition under Section 9 of
…Ridhi Sidhi Glasses…
Ridhi Sidhi Glasses (India) Pvt. Ltd.…