The case involves a Company Petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016) by Shyam Construction Co., the Petitioner, claiming to be an Operational Creditor against Devi Infradevelopers Pvt. Ltd., the Respondent, named as the Corporate Debtor. The Petitioner sought initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to non-payment of dues. The Respondent was set ex parte on 17.05.2019 as there was no representation from them.
Shyam Construction Co. filed a Company Petition under Section 9 of the IBC, 2016, against Devi Infradevelopers Pvt. Ltd., seeking initiation of CIRP. Shyam Construction Co. claimed to be an Operational Creditor, while Devi Infradevelopers Pvt. Ltd. was the Corporate Debtor. The petition was based on the non-payment of dues for the supply of civil construction materials, evidenced by Invoice No. SHY/2017-18/26 dated 04.01.2018. The total claim amounted to Rs. 3,35,816/- plus interest of Rs. 75,517/- as of 20.12.2018. Devi Infradevelopers Pvt. Ltd. defaulted in making the balance payment. A Section 8 notice was issued by Shyam Construction Co. and received by Devi Infradevelopers Pvt. Ltd., but the payment was not made. Devi Infradevelopers Pvt. Ltd. was set ex parte on
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Invoice No. SHY/2017-18/…
Date of Invoice No. SHY/2017-18/26 for supply…
The case involves a Company Petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016) by Shyam Construction Co., the Petitioner, claiming to be an Operational Creditor against Devi Infradevelopers Pvt. Ltd., the Respondent, named as the Corporate Debtor. The Petitioner sought initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to non-payment of dues. The Respondent was set ex parte on 17.05.2019 as there was no representation from them.
Shyam Construction Co. filed a Company Petition under Section 9 of the IBC, 2016, against Devi Infradevelopers Pvt. Ltd., seeking initiation of CIRP. Shyam Construction Co. claimed to be an Operational Creditor, while Devi Infradevelopers Pvt. Ltd. was the Corporate Debtor. The petition was based on the non-payment of dues for the supply of civil construction materials, evidenced by Invoice No. SHY/2017-18/26 dated 04.01.2018. The total claim amounted to Rs. 3,35,816/- plus interest of Rs. 75,517/- as of 20.12.2018. Devi Infradevelopers Pvt. Ltd. defaulted in making the balance payment. A Section 8 notice was issued by Shyam Construction Co. and received by Devi Infradevelopers Pvt. Ltd., but the payment was not made. Devi Infradevelopers Pvt. Ltd. was set ex parte on
…Invoice No. SHY/2017-18/…
Date of Invoice No. SHY/2017-18/26 for supply…