The case pertains to an application filed by Kanada Hiren Mahendrabhai, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Bansal Infracon Private Limited, the corporate debtor. The operational creditor claimed a debt of Rs. 8,20,000/- due to the supply of unskilled labor for ship breaking activities. The date of default was 02.10.2018.
Kanada Hiren Mahendrabhai, operating as Kanada Hirenkumar M., is an operational creditor involved in supplying unskilled labor for ship breaking activities. Bansal Infracon Private Limited is the corporate debtor. An oral agreement was allegedly entered into on 01.06.2018 for the supply of labor between 01.06.2018 and 01.03.2019. The operational creditor raised invoices amounting to Rs. 8,20,000/- for services provided between 01.06.2018 and 31.01.2019. A demand notice under Section 8(1) of the IBC, 2016, was sent on 20.03.2019, which was delivered to the corporate debtor, but no payment or reply was received. The corporate debtor admitted to facing financial difficulties and being unable to make timely payments. The date of default is 02.10.2018.
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Alleged oral agreement between the…
Period during which services were provided by…
The case pertains to an application filed by Kanada Hiren Mahendrabhai, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Bansal Infracon Private Limited, the corporate debtor. The operational creditor claimed a debt of Rs. 8,20,000/- due to the supply of unskilled labor for ship breaking activities. The date of default was 02.10.2018.
Kanada Hiren Mahendrabhai, operating as Kanada Hirenkumar M., is an operational creditor involved in supplying unskilled labor for ship breaking activities. Bansal Infracon Private Limited is the corporate debtor. An oral agreement was allegedly entered into on 01.06.2018 for the supply of labor between 01.06.2018 and 01.03.2019. The operational creditor raised invoices amounting to Rs. 8,20,000/- for services provided between 01.06.2018 and 31.01.2019. A demand notice under Section 8(1) of the IBC, 2016, was sent on 20.03.2019, which was delivered to the corporate debtor, but no payment or reply was received. The corporate debtor admitted to facing financial difficulties and being unable to make timely payments. The date of default is 02.10.2018.
Alleged oral agreement between the…
Period during which services were provided by…