The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Mr. Anil Mangla, proprietor of M/s Anil Traders, against M/s Deviram Restaurants Private Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt. The applicant claimed that the respondent had approached them for the supply of various goods and raw materials, with an agreement for timely payment upon receiving the goods and raising invoices. The respondent failed to make the payments despite receiving the goods and invoices.
Mr. Anil Mangla, proprietor of M/s Anil Traders, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Deviram Restaurants Private Limited, seeking to initiate CIRP. The applicant claimed that the respondent approached them for the supply of goods and raw materials, agreeing to make timely payments upon receiving the goods and invoices. The respondent placed purchase orders between 02.01.2018 and 08.03.2018. The applicant supplied the goods and raised invoices. The respondent acknowledged the invoices and made partial payments, but a significant amount remained outstanding. The first due date was 02.02.2018. Despite reminders, the respondent failed to pay the outstanding dues. The applicant sent a demand notice dated 29.06.2018
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Respondent pl…
Respondent pl…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Mr. Anil Mangla, proprietor of M/s Anil Traders, against M/s Deviram Restaurants Private Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt. The applicant claimed that the respondent had approached them for the supply of various goods and raw materials, with an agreement for timely payment upon receiving the goods and raising invoices. The respondent failed to make the payments despite receiving the goods and invoices.
Mr. Anil Mangla, proprietor of M/s Anil Traders, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Deviram Restaurants Private Limited, seeking to initiate CIRP. The applicant claimed that the respondent approached them for the supply of goods and raw materials, agreeing to make timely payments upon receiving the goods and invoices. The respondent placed purchase orders between 02.01.2018 and 08.03.2018. The applicant supplied the goods and raised invoices. The respondent acknowledged the invoices and made partial payments, but a significant amount remained outstanding. The first due date was 02.02.2018. Despite reminders, the respondent failed to pay the outstanding dues. The applicant sent a demand notice dated 29.06.2018
…Respondent pl…
Respondent pl…