Idemitsu Lube India Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against AS Autotech Private Limited, the respondent corporate debtor. The applicant claimed that the respondent had defaulted on payments for lubricants purchased, totaling Rs. 6,98,405.76. The applicant had previously filed a company petition before the High Court of Delhi for winding up the respondent company, which was later transferred to the NCLT after the enactment of the IBC. The earlier petition was withdrawn with liberty to file a fresh application under the Code.
Idemitsu Lube India Private Limited (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against AS Autotech Private Limited (the respondent), seeking initiation of Corporate Insolvency Resolution Process (CIRP). The applicant claimed that the respondent defaulted on payments for lubricants purchased, with invoices totaling Rs. 6,98,405.76. The applicant had previously filed a company petition for winding up the respondent in the High Court of Delhi, which was later transferred to the NCLT. The earlier petition was withdrawn with liberty to file a fresh application under the IBC. The applicant then filed the present application under Section 9 without issuing a fresh demand notice under Section 8 of the IBC after the
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Invoice no. 35…
Invoice no. 35…
Idemitsu Lube India Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against AS Autotech Private Limited, the respondent corporate debtor. The applicant claimed that the respondent had defaulted on payments for lubricants purchased, totaling Rs. 6,98,405.76. The applicant had previously filed a company petition before the High Court of Delhi for winding up the respondent company, which was later transferred to the NCLT after the enactment of the IBC. The earlier petition was withdrawn with liberty to file a fresh application under the Code.
Idemitsu Lube India Private Limited (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against AS Autotech Private Limited (the respondent), seeking initiation of Corporate Insolvency Resolution Process (CIRP). The applicant claimed that the respondent defaulted on payments for lubricants purchased, with invoices totaling Rs. 6,98,405.76. The applicant had previously filed a company petition for winding up the respondent in the High Court of Delhi, which was later transferred to the NCLT. The earlier petition was withdrawn with liberty to file a fresh application under the IBC. The applicant then filed the present application under Section 9 without issuing a fresh demand notice under Section 8 of the IBC after the
…Invoice no. 35…
Invoice no. 35…