The case involves an application filed by Janakee Industrial Products Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Arrdy Engineering Innovations Private Limited (Corporate Debtor). The Operational Creditor claims that the Corporate Debtor defaulted in making payment of Rs. 17,21,565 towards invoices raised for goods supplied. The Operational Creditor issued a demand notice, to which the Corporate Debtor responded with a vague reply denying the claim.
Janakee Industrial Products Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Arrdy Engineering Innovations Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted in making payment of Rs. 17,21,565 towards invoices raised for goods supplied. The Operational Creditor sent an email dated 03.01.2021 requesting the Corporate Debtor to issue pending C forms. The Operational Creditor issued a demand notice dated 26.07.2019 to the Corporate Debtor. The Corporate Debtor issued a vague reply letter dated 09.09.2019 denying the claim. The Corporate Debtor did not respond to the demand
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The Operational…
The Corporate Debtor issued a vague reply…
The case involves an application filed by Janakee Industrial Products Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Arrdy Engineering Innovations Private Limited (Corporate Debtor). The Operational Creditor claims that the Corporate Debtor defaulted in making payment of Rs. 17,21,565 towards invoices raised for goods supplied. The Operational Creditor issued a demand notice, to which the Corporate Debtor responded with a vague reply denying the claim.
Janakee Industrial Products Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Arrdy Engineering Innovations Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted in making payment of Rs. 17,21,565 towards invoices raised for goods supplied. The Operational Creditor sent an email dated 03.01.2021 requesting the Corporate Debtor to issue pending C forms. The Operational Creditor issued a demand notice dated 26.07.2019 to the Corporate Debtor. The Corporate Debtor issued a vague reply letter dated 09.09.2019 denying the claim. The Corporate Debtor did not respond to the demand
…The Operational…
The Corporate Debtor issued a vague reply…