The case involves a petition filed by Rushas Engineering Company Private Limited, the Operational Creditor, against Cogent Engineers Private Limited, the Corporate Debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a total default of ₹36,32,003 as of 06.10.2017, stating that they supplied casting materials to the Corporate Debtor from 14.03.2013 to 06.09.2017 as per purchase orders. The Corporate Debtor allegedly failed to pay the due amount despite being satisfied with the goods.
Rushas Engineering Company Private Limited (Operational Creditor) filed a petition against Cogent Engineers Private Limited (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default of ₹36,32,003 as of 06.10.2017, arising from the supply of casting materials between 14.03.2013 and 06.09.2017. The Corporate Debtor allegedly failed to pay the due amount despite satisfaction with the goods. Reminder letters were sent by the Operational Creditor. The Corporate Debtor acknowledged a liability of ₹16,36,744 in its ledger account. The last payment made by the Corporate Debtor was on 01.09.2017. The Corporate Debtor failed to appear before the
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The case involves a petition filed by Rushas Engineering Company Private Limited, the Operational Creditor, against Cogent Engineers Private Limited, the Corporate Debtor, under Section 9 of the Insolvency & Bankruptcy Code, 2016, for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a total default of ₹36,32,003 as of 06.10.2017, stating that they supplied casting materials to the Corporate Debtor from 14.03.2013 to 06.09.2017 as per purchase orders. The Corporate Debtor allegedly failed to pay the due amount despite being satisfied with the goods.
Rushas Engineering Company Private Limited (Operational Creditor) filed a petition against Cogent Engineers Private Limited (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default of ₹36,32,003 as of 06.10.2017, arising from the supply of casting materials between 14.03.2013 and 06.09.2017. The Corporate Debtor allegedly failed to pay the due amount despite satisfaction with the goods. Reminder letters were sent by the Operational Creditor. The Corporate Debtor acknowledged a liability of ₹16,36,744 in its ledger account. The last payment made by the Corporate Debtor was on 01.09.2017. The Corporate Debtor failed to appear before the
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