The Operational Creditor, M/s. ATO (India) Limited, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s. C. Doctor & Co. Private Limited, due to an outstanding debt of INR 23,86,700.00 along with interest at 16% per annum. The Operational Creditor claimed that the Corporate Debtor had approached them for transportation of materials to various sites, and invoices were raised accordingly. The Corporate Debtor made a partial payment of INR 3,00,000.00 on 22.11.2015, but the remaining amount remained unpaid. The Operational Creditor also filed a complaint with the Police Station, Kolkata, which was later withdrawn, and a case was filed before
…M/s. ATO (India) Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. C. Doctor & Co. Private Limited, the Corporate Debtor, seeking initiation of CIRP due to an outstanding debt of INR 23,86,700.00 plus 16% interest per annum. The Operational Creditor is a public limited company engaged in the business of transportation. The Corporate Debtor approached the Operational Creditor for transporting materials from various locations, including the Rourkela Steel Plant site in Odisha. The Operational Creditor raised invoices for the transportation services, which were duly accepted by the Corporate Debtor. However, the Corporate Debtor failed to pay the outstanding amount. The date of first default
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C.Doctor & Co.…
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The Operational Creditor, M/s. ATO (India) Limited, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s. C. Doctor & Co. Private Limited, due to an outstanding debt of INR 23,86,700.00 along with interest at 16% per annum. The Operational Creditor claimed that the Corporate Debtor had approached them for transportation of materials to various sites, and invoices were raised accordingly. The Corporate Debtor made a partial payment of INR 3,00,000.00 on 22.11.2015, but the remaining amount remained unpaid. The Operational Creditor also filed a complaint with the Police Station, Kolkata, which was later withdrawn, and a case was filed before
…M/s. ATO (India) Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. C. Doctor & Co. Private Limited, the Corporate Debtor, seeking initiation of CIRP due to an outstanding debt of INR 23,86,700.00 plus 16% interest per annum. The Operational Creditor is a public limited company engaged in the business of transportation. The Corporate Debtor approached the Operational Creditor for transporting materials from various locations, including the Rourkela Steel Plant site in Odisha. The Operational Creditor raised invoices for the transportation services, which were duly accepted by the Corporate Debtor. However, the Corporate Debtor failed to pay the outstanding amount. The date of first default
…C.Doctor & Co.…
Agreement between…