Melrose Creations Private Limited, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Dunlop Auto Tyres Private Limited, the corporate debtor, for non-payment of operational debt. The operational creditor provided consultancy services to the corporate debtor for restarting their cycle tyres manufacturing process. A work order was issued on 2018-07-10, and the project was completed on 2018-11-15. Despite several communications, the corporate debtor failed to make the payment of ₹2,62,575/-. A demand notice was issued on 2019-03-08, but the corporate debtor neither complied with the notice nor made any outstanding payment.
Melrose Creations Private Limited (Operational Creditor) provided consultancy services to Dunlop Auto Tyres Private Limited (Corporate Debtor) to restart cycle tyre manufacturing. A work order was issued on 2018-07-10, requiring completion within 3 months. The project was completed on 2018-11-15, with a fee of ₹2,62,575/- due within 30 days. An invoice was raised on the same date. The last payment date was 2018-12-15. Despite communications, no payment was made. A demand notice was issued on 2019-03-08 for ₹2,60,356/- (including ₹10,356/- interest), requiring repayment within 10 days. The Corporate Debtor did not deny liability but requested more time via a letter dated 2019-01-15. The Operational Creditor proposed Mr. Tuhin Kumar Chatterjee as the Interim Resolution
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Work order issued to…
Consultancy project…
Melrose Creations Private Limited, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Dunlop Auto Tyres Private Limited, the corporate debtor, for non-payment of operational debt. The operational creditor provided consultancy services to the corporate debtor for restarting their cycle tyres manufacturing process. A work order was issued on 2018-07-10, and the project was completed on 2018-11-15. Despite several communications, the corporate debtor failed to make the payment of ₹2,62,575/-. A demand notice was issued on 2019-03-08, but the corporate debtor neither complied with the notice nor made any outstanding payment.
Melrose Creations Private Limited (Operational Creditor) provided consultancy services to Dunlop Auto Tyres Private Limited (Corporate Debtor) to restart cycle tyre manufacturing. A work order was issued on 2018-07-10, requiring completion within 3 months. The project was completed on 2018-11-15, with a fee of ₹2,62,575/- due within 30 days. An invoice was raised on the same date. The last payment date was 2018-12-15. Despite communications, no payment was made. A demand notice was issued on 2019-03-08 for ₹2,60,356/- (including ₹10,356/- interest), requiring repayment within 10 days. The Corporate Debtor did not deny liability but requested more time via a letter dated 2019-01-15. The Operational Creditor proposed Mr. Tuhin Kumar Chatterjee as the Interim Resolution
…Work order issued to…
Consultancy project…