The case pertains to a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Goutam Kumar Roy, an Operational Creditor/Applicant, against Dooteriah & Kalej Valley Tea Estate Pvt. Ltd., the Respondent/Corporate Debtor. The petitioner claims that the corporate debtor owes Rs. 36,50,847.00 as outstanding dues for the supply of coal and transportation services. The petitioner issued a demand notice, but the respondent failed to clear the debt or respond. The petitioner then filed an application for the initiation of the corporate insolvency resolution process.
Goutam Kumar Roy, the petitioner, is the sole proprietor of 'Fuel Links' and 'Goutam Kumar Roy'. Fuel Links deals with the sale of coal, and Goutam Kumar Roy deals with transporting goods. Dooteriah & Kalej Valley Tea Estate Pvt. Ltd., the corporate debtor, allegedly owes Rs. 36,50,847.00 to the petitioner for the supply and transportation of coal. The date of default is stated as 12.11.2016. The petitioner claims that the corporate debtor accepted and admitted its liability to make the payment but remained unpaid. Letters of confirmation were issued by the corporate debtor, and communications took place between the parties to negotiate a settlement. Three cheques issued by the corporate debtor were bounced. A demand notice was issued on 06.07.2017, but the
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The occurrence of the…
Petitioner issued demand notice in Form 3…
The case pertains to a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Goutam Kumar Roy, an Operational Creditor/Applicant, against Dooteriah & Kalej Valley Tea Estate Pvt. Ltd., the Respondent/Corporate Debtor. The petitioner claims that the corporate debtor owes Rs. 36,50,847.00 as outstanding dues for the supply of coal and transportation services. The petitioner issued a demand notice, but the respondent failed to clear the debt or respond. The petitioner then filed an application for the initiation of the corporate insolvency resolution process.
Goutam Kumar Roy, the petitioner, is the sole proprietor of 'Fuel Links' and 'Goutam Kumar Roy'. Fuel Links deals with the sale of coal, and Goutam Kumar Roy deals with transporting goods. Dooteriah & Kalej Valley Tea Estate Pvt. Ltd., the corporate debtor, allegedly owes Rs. 36,50,847.00 to the petitioner for the supply and transportation of coal. The date of default is stated as 12.11.2016. The petitioner claims that the corporate debtor accepted and admitted its liability to make the payment but remained unpaid. Letters of confirmation were issued by the corporate debtor, and communications took place between the parties to negotiate a settlement. Three cheques issued by the corporate debtor were bounced. A demand notice was issued on 06.07.2017, but the
…The occurrence of the…
Petitioner issued demand notice in Form 3…