The application was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, by Mr. Anil Mangla, proprietor of M/s Anil Traders, seeking to initiate the Corporate Insolvency process against M/s Deviram Restaurants Private Limited. The applicant, an operational creditor, claimed that the respondent, the corporate debtor, defaulted on payments for goods and raw materials supplied. The applicant sent a demand notice under Section 8 of the Code, but the respondent failed to pay or raise any dispute.
Mr. Anil Mangla, proprietor of M/s Anil Traders, filed an application against M/s Deviram Restaurants Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The applicant claimed that the respondent approached them for the purchase of various goods and raw materials, including fortune soya oil, permal rice, and parman ghee. It was agreed that upon receiving the goods and raising invoices, the respondent would make timely payments. The respondent placed purchase orders between 02.01.2018 and 08.03.2018, and the applicant supplied the goods and raised invoices. The tax invoices were acknowledged by the respondent, and part payments were made. The first due date was 02.02.2018. Despite requests and reminders, the respondent failed to reply or pay the
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Respondent placed…
Respondent placed…
The application was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, by Mr. Anil Mangla, proprietor of M/s Anil Traders, seeking to initiate the Corporate Insolvency process against M/s Deviram Restaurants Private Limited. The applicant, an operational creditor, claimed that the respondent, the corporate debtor, defaulted on payments for goods and raw materials supplied. The applicant sent a demand notice under Section 8 of the Code, but the respondent failed to pay or raise any dispute.
Mr. Anil Mangla, proprietor of M/s Anil Traders, filed an application against M/s Deviram Restaurants Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The applicant claimed that the respondent approached them for the purchase of various goods and raw materials, including fortune soya oil, permal rice, and parman ghee. It was agreed that upon receiving the goods and raising invoices, the respondent would make timely payments. The respondent placed purchase orders between 02.01.2018 and 08.03.2018, and the applicant supplied the goods and raised invoices. The tax invoices were acknowledged by the respondent, and part payments were made. The first due date was 02.02.2018. Despite requests and reminders, the respondent failed to reply or pay the
…Respondent placed…
Respondent placed…