The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Gaurav Goel, proprietor of Riyal Packers, an operational creditor, against Benlon India Ltd., the corporate debtor, for unpaid dues. The operational creditor claimed that the corporate debtor owed a sum of Rs. 35,70,888.40 along with interest for materials supplied between 2018-04-02 and 2018-10-09. Despite repeated reminders, the corporate debtor failed to make full payment, leading to the issuance of a demand notice under Section 8 of the IBC, which went unanswered.
Gaurav Goel, operating as Riyal Packers, is an operational creditor to Benlon India Ltd. Riyal Packers supplied materials to Benlon India Ltd. between April 2, 2018, and October 9, 2018. Benlon India Ltd. owes Riyal Packers Rs. 35,70,888.40 plus interest. Benlon India Ltd. made a partial payment but failed to pay the remaining amount despite repeated reminders. A demand notice was issued to Benlon India Ltd. on October 24, 2018, under Section 8 of the IBC, but Benlon India Ltd. did not respond. Benlon India Ltd. admitted to the debt but claimed inability to pay. The operational creditor then filed a petition under Section 9 of the IBC to initiate the Corporate Insolvency Resolution Process (CIRP).
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Operational Creditor…
Operational Creditor…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Gaurav Goel, proprietor of Riyal Packers, an operational creditor, against Benlon India Ltd., the corporate debtor, for unpaid dues. The operational creditor claimed that the corporate debtor owed a sum of Rs. 35,70,888.40 along with interest for materials supplied between 2018-04-02 and 2018-10-09. Despite repeated reminders, the corporate debtor failed to make full payment, leading to the issuance of a demand notice under Section 8 of the IBC, which went unanswered.
Gaurav Goel, operating as Riyal Packers, is an operational creditor to Benlon India Ltd. Riyal Packers supplied materials to Benlon India Ltd. between April 2, 2018, and October 9, 2018. Benlon India Ltd. owes Riyal Packers Rs. 35,70,888.40 plus interest. Benlon India Ltd. made a partial payment but failed to pay the remaining amount despite repeated reminders. A demand notice was issued to Benlon India Ltd. on October 24, 2018, under Section 8 of the IBC, but Benlon India Ltd. did not respond. Benlon India Ltd. admitted to the debt but claimed inability to pay. The operational creditor then filed a petition under Section 9 of the IBC to initiate the Corporate Insolvency Resolution Process (CIRP).
Operational Creditor…
Operational Creditor…