Eco Drilling Fluids Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against DSTR Infrastructures & Projects LLP, claiming unpaid dues for the supply of polymers. The applicant contended that invoices from 19.01.2018 to 28.05.2018 were outstanding, totaling Rs 19,29,513/-, which along with interest amounted to Rs 24,44,289/-. The corporate debtor allegedly failed to make payments despite repeated reminders and assurances. The applicant argued that the corporate debtor's registered office is in Delhi, giving the tribunal jurisdiction.
Eco Drilling Fluids Private Limited (the applicant/operational creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against DSTR Infrastructures & Projects LLP (the respondent/corporate debtor). The applicant claimed that the corporate debtor had defaulted on payments for the supply of polymers. The applicant stated that invoices from 19.01.2018 to 28.05.2018 were outstanding, totaling Rs 19,29,513/-, and that the total claim, including interest, amounted to Rs 24,44,289/- as of 20.05.2019. The applicant sent emails to the corporate debtor from 09.02.2018 to 29.10.2018 requesting payment. The corporate debtor replied to a demand notice dated 21.05.2019 via email on
…Sign in to view the parties.
The Insolven…
Eco Drilling Fluids…
Eco Drilling Fluids Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against DSTR Infrastructures & Projects LLP, claiming unpaid dues for the supply of polymers. The applicant contended that invoices from 19.01.2018 to 28.05.2018 were outstanding, totaling Rs 19,29,513/-, which along with interest amounted to Rs 24,44,289/-. The corporate debtor allegedly failed to make payments despite repeated reminders and assurances. The applicant argued that the corporate debtor's registered office is in Delhi, giving the tribunal jurisdiction.
Eco Drilling Fluids Private Limited (the applicant/operational creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against DSTR Infrastructures & Projects LLP (the respondent/corporate debtor). The applicant claimed that the corporate debtor had defaulted on payments for the supply of polymers. The applicant stated that invoices from 19.01.2018 to 28.05.2018 were outstanding, totaling Rs 19,29,513/-, and that the total claim, including interest, amounted to Rs 24,44,289/- as of 20.05.2019. The applicant sent emails to the corporate debtor from 09.02.2018 to 29.10.2018 requesting payment. The corporate debtor replied to a demand notice dated 21.05.2019 via email on
…The Insolven…
Eco Drilling Fluids…