M/S P.S.T. Trading and Components, through its proprietor Mrs. Chhama Jain, filed an application 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, to initiate the Corporate Insolvency Resolution Process (CIRP) against Ekdant Buildtech Private Limited. The applicant, an operational creditor, claimed that the corporate debtor defaulted on payments for the supply of TMT bars. The corporate debtor allegedly contacted the applicant in 2015 and placed orders for the supply of TMT Bars. The applicant supplied goods amounting to Rs 98,72,204, out of which the corporate debtor made a part payment of Rs 91,93,049, leaving a balance of Rs 6,79,155 outstanding.
M/S P.S.T. Trading and Components, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Ekdant Buildtech Private Limited, the corporate debtor. In 2015, the corporate debtor contacted the applicant and placed orders for the supply of TMT bars. The applicant supplied goods amounting to Rs 98,72,204. The corporate debtor made a part payment of Rs 91,93,049, leaving a balance of Rs 6,79,155 outstanding. The applicant issued a demand notice dated 25.02.2019 under Section 8 of the IBC, demanding the outstanding amount along with interest, totaling Rs 12,05,500. The notice was sent by speed post to the corporate debtor's registered address but was returned with the remark 'Unclaimed'. The
…Sign in to view the parties.
Corporate debtor…
Date of defaul…
M/S P.S.T. Trading and Components, through its proprietor Mrs. Chhama Jain, filed an application 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, to initiate the Corporate Insolvency Resolution Process (CIRP) against Ekdant Buildtech Private Limited. The applicant, an operational creditor, claimed that the corporate debtor defaulted on payments for the supply of TMT bars. The corporate debtor allegedly contacted the applicant in 2015 and placed orders for the supply of TMT Bars. The applicant supplied goods amounting to Rs 98,72,204, out of which the corporate debtor made a part payment of Rs 91,93,049, leaving a balance of Rs 6,79,155 outstanding.
M/S P.S.T. Trading and Components, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Ekdant Buildtech Private Limited, the corporate debtor. In 2015, the corporate debtor contacted the applicant and placed orders for the supply of TMT bars. The applicant supplied goods amounting to Rs 98,72,204. The corporate debtor made a part payment of Rs 91,93,049, leaving a balance of Rs 6,79,155 outstanding. The applicant issued a demand notice dated 25.02.2019 under Section 8 of the IBC, demanding the outstanding amount along with interest, totaling Rs 12,05,500. The notice was sent by speed post to the corporate debtor's registered address but was returned with the remark 'Unclaimed'. The
…Corporate debtor…
Date of defaul…