The case originates from a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking the initiation of the Corporate Insolvency Resolution Process (CIRP) against the respondent. The petitioner, Kedari Food Exports India Private Limited, claims that the respondent, Crystal Sea Foods Private Limited, defaulted on payments for raw shrimp supplied between March and April 2018. The petitioner issued a demand notice under Section 8 of the Code on May 25, 2019, seeking payment of the outstanding amount along with interest. The respondent failed to respond to the notice, leading to the filing of the petition.
Kedari Food Exports India Private Limited (the Petitioner) is a private limited company incorporated on 12.09.2017. Crystal Sea Foods Private Limited (the Respondent) is a private limited company incorporated on 20.06.2013. Between 03.03.2018 and 30.04.2018, the Petitioner supplied varieties of raw shrimp to the Respondent valued at Rs. 1,23,05,600/-. The Respondent paid Rs. 90,13,739/- between 03.04.2018 and 08.02.2019, leaving an outstanding amount of Rs. 32,91,863/-. The Petitioner issued a demand notice on 25.05.2019, seeking payment of the outstanding amount with 18% per annum interest, totaling Rs. 40,88,978/-. The Respondent did not respond to the notice. A fresh notice was issued after the petition was filed, but the Respondent did not appear and was set ex
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Kedari Food Exports…
Crystal Sea Foods…
The case originates from a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking the initiation of the Corporate Insolvency Resolution Process (CIRP) against the respondent. The petitioner, Kedari Food Exports India Private Limited, claims that the respondent, Crystal Sea Foods Private Limited, defaulted on payments for raw shrimp supplied between March and April 2018. The petitioner issued a demand notice under Section 8 of the Code on May 25, 2019, seeking payment of the outstanding amount along with interest. The respondent failed to respond to the notice, leading to the filing of the petition.
Kedari Food Exports India Private Limited (the Petitioner) is a private limited company incorporated on 12.09.2017. Crystal Sea Foods Private Limited (the Respondent) is a private limited company incorporated on 20.06.2013. Between 03.03.2018 and 30.04.2018, the Petitioner supplied varieties of raw shrimp to the Respondent valued at Rs. 1,23,05,600/-. The Respondent paid Rs. 90,13,739/- between 03.04.2018 and 08.02.2019, leaving an outstanding amount of Rs. 32,91,863/-. The Petitioner issued a demand notice on 25.05.2019, seeking payment of the outstanding amount with 18% per annum interest, totaling Rs. 40,88,978/-. The Respondent did not respond to the notice. A fresh notice was issued after the petition was filed, but the Respondent did not appear and was set ex
…Kedari Food Exports…
Crystal Sea Foods…