The case involves a petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 by Agarwal Alloys, an operational creditor, against Dayal Commercial Co. Private Ltd., the corporate debtor. The operational creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to an unpaid debt of Rs. 9,38,345, representing the price of goods sold and delivered.
Agarwal Alloys, an operational creditor, filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Dayal Commercial Co. Private Ltd., the corporate debtor, seeking to initiate CIRP. The operational creditor claimed that the corporate debtor owed Rs. 9,38,345 for goods sold and delivered between 01.04.2013 and 37.03.2015. A demand notice was sent on 15.11.2016, and another notice under Section 8 of the I&B Code was sent on 14.09.2017. The corporate debtor allegedly received these notices but did not reply or pay the amount. The operational creditor submitted a statement of account and a balance confirmation letter dated 22.08.2018. The corporate debtor contested the claim, arguing that the application was based on false claims, that
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During the period between 01.04.2013 and…
The Operational Creditor sent a demand notice…
The case involves a petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 by Agarwal Alloys, an operational creditor, against Dayal Commercial Co. Private Ltd., the corporate debtor. The operational creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor due to an unpaid debt of Rs. 9,38,345, representing the price of goods sold and delivered.
Agarwal Alloys, an operational creditor, filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Dayal Commercial Co. Private Ltd., the corporate debtor, seeking to initiate CIRP. The operational creditor claimed that the corporate debtor owed Rs. 9,38,345 for goods sold and delivered between 01.04.2013 and 37.03.2015. A demand notice was sent on 15.11.2016, and another notice under Section 8 of the I&B Code was sent on 14.09.2017. The corporate debtor allegedly received these notices but did not reply or pay the amount. The operational creditor submitted a statement of account and a balance confirmation letter dated 22.08.2018. The corporate debtor contested the claim, arguing that the application was based on false claims, that
…During the period between 01.04.2013 and…
The Operational Creditor sent a demand notice…