M/s Revex Plasticisers Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Chirag White Water & Amusement Rides Pvt. Ltd.
M/s Revex Plasticisers Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of IBC against M/s Chirag White Water & Amusement Rides Pvt. Ltd. (Corporate Debtor).
The Operational Creditor supplied polyester resin to the Corporate Debtor, and invoices were raised.
The amount claimed to be in default is Rs.7,95,343/- excluding interest of Rs.86,797/-, with the default occurring on 04.01.2019.
A demand notice dated 16.08.2019 was sent to the Corporate Debtor by speed post on 20.08.2019.
The Corporate Debtor did not appear despite repeated service and was set ex parte.
The application was filed on 04.11.2019, and the Adjudicating Authority found it to be within limitation.
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M/s Revex Plasticisers Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Chirag White Water & Amusement Rides Pvt. Ltd.
M/s Revex Plasticisers Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of IBC against M/s Chirag White Water & Amusement Rides Pvt. Ltd. (Corporate Debtor).
The Operational Creditor supplied polyester resin to the Corporate Debtor, and invoices were raised.
The amount claimed to be in default is Rs.7,95,343/- excluding interest of Rs.86,797/-, with the default occurring on 04.01.2019.
A demand notice dated 16.08.2019 was sent to the Corporate Debtor by speed post on 20.08.2019.
The Corporate Debtor did not appear despite repeated service and was set ex parte.
The application was filed on 04.11.2019, and the Adjudicating Authority found it to be within limitation.
…The date on wh…
Demand notice i…