The case involves an application filed by Shakambhari Overseas Trades Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Darjeeling Rolling Mills Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor allegedly defaulted in paying a sum of Rs. 1,44,26,465/- (inclusive of interest) for goods supplied by the Operational Creditor. The Operational Creditor served a demand notice under Section 8 of the I&B Code, but the Corporate Debtor did not respond or dispute the claim.
Shakambhari Overseas Trades Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Darjeeling Rolling Mills Private Limited (Corporate Debtor). The application was based on the Corporate Debtor's alleged default in paying Rs. 1,44,26,465/- (inclusive of interest) for goods supplied by the Operational Creditor. The Operational Creditor served a demand notice under Section 8 of the I&B Code, which was received by the Corporate Debtor, but the Corporate Debtor did not respond or dispute the claim. The Operational Creditor also produced a certificate from its banker, UCO Bank, stating that the amount claimed from the Corporate Debtor had
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The authority decided to set the hearing of…
Operational Creditor filed an affidavit…
The case involves an application filed by Shakambhari Overseas Trades Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Darjeeling Rolling Mills Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor allegedly defaulted in paying a sum of Rs. 1,44,26,465/- (inclusive of interest) for goods supplied by the Operational Creditor. The Operational Creditor served a demand notice under Section 8 of the I&B Code, but the Corporate Debtor did not respond or dispute the claim.
Shakambhari Overseas Trades Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Darjeeling Rolling Mills Private Limited (Corporate Debtor). The application was based on the Corporate Debtor's alleged default in paying Rs. 1,44,26,465/- (inclusive of interest) for goods supplied by the Operational Creditor. The Operational Creditor served a demand notice under Section 8 of the I&B Code, which was received by the Corporate Debtor, but the Corporate Debtor did not respond or dispute the claim. The Operational Creditor also produced a certificate from its banker, UCO Bank, stating that the amount claimed from the Corporate Debtor had
…The authority decided to set the hearing of…
Operational Creditor filed an affidavit…