The case involves an application filed by M/s IFB Industries Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against M/s Attero Reclyling Private Limited (Corporate Debtor). The Corporate Debtor is a private limited company engaged in the business of collecting and recycling E-Waste materials. The Operational Creditor and Corporate Debtor entered into a service agreement on December 18, 2014, where the Corporate Debtor was to collect and recycle e-waste from various locations of the Operational Creditor. The agreement was renewed on December 18, 2015. Disputes arose regarding outstanding payments for the services rendered.
M/s IFB Industries Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s Attero Reclyling Private Limited (Corporate Debtor). The Corporate Debtor is engaged in the business of collecting and recycling E-Waste. A service agreement was entered into on December 18, 2014, and renewed on December 18, 2015, where the Corporate Debtor was to collect and recycle e-waste from the Operational Creditor. The Operational Creditor claimed outstanding dues of Rs. 13,94,735/-, including principal and interest. The Operational Creditor sent a demand notice under Section 8 of the IBC on July 5, 2018, which was served on July 10, 2018. The Corporate Debtor did not reply to the demand notice within the
…Sign in to view the parties.
Operational Creditor…
Service agreem…
The case involves an application filed by M/s IFB Industries Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against M/s Attero Reclyling Private Limited (Corporate Debtor). The Corporate Debtor is a private limited company engaged in the business of collecting and recycling E-Waste materials. The Operational Creditor and Corporate Debtor entered into a service agreement on December 18, 2014, where the Corporate Debtor was to collect and recycle e-waste from various locations of the Operational Creditor. The agreement was renewed on December 18, 2015. Disputes arose regarding outstanding payments for the services rendered.
M/s IFB Industries Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s Attero Reclyling Private Limited (Corporate Debtor). The Corporate Debtor is engaged in the business of collecting and recycling E-Waste. A service agreement was entered into on December 18, 2014, and renewed on December 18, 2015, where the Corporate Debtor was to collect and recycle e-waste from the Operational Creditor. The Operational Creditor claimed outstanding dues of Rs. 13,94,735/-, including principal and interest. The Operational Creditor sent a demand notice under Section 8 of the IBC on July 5, 2018, which was served on July 10, 2018. The Corporate Debtor did not reply to the demand notice within the
…Operational Creditor…
Service agreem…