JSK Corporation Pvt. Ltd. filed a petition under Section 8 & 9 of the IBC, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Enestee Engineering Limited. The petition alleges that Enestee Engineering Limited defaulted on 01.11.2017 in making payment of Rs. 54,92,306/- including interest @18% p.a. for structural steel supplied by JSK Corporation Pvt. Ltd.
JSK Corporation Pvt. Ltd. (the Petitioner) supplied structural steel to Enestee Engineering Limited (the Corporate Debtor) during September 2017 to October 2017 and raised 8 invoices amounting to Rs. 54,50,502/-. The Corporate Debtor made a part-payment of Rs. 3,93,253/- on 01.11.2017. A demand notice was issued on 21.05.2018 for Rs. 54,92,306/- including interest. The Corporate Debtor did not reply to the demand notice. Two cheques issued by the Corporate Debtor were returned due to insufficient funds. The ledger account shows that an amount of Rs. 54,50,502/- remains payable for a period from 01.04.2017 to 09.05.2018.
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The Petitioner supplied structural steel to the…
The Petitioner supplied structural steel to the…
JSK Corporation Pvt. Ltd. filed a petition under Section 8 & 9 of the IBC, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Enestee Engineering Limited. The petition alleges that Enestee Engineering Limited defaulted on 01.11.2017 in making payment of Rs. 54,92,306/- including interest @18% p.a. for structural steel supplied by JSK Corporation Pvt. Ltd.
JSK Corporation Pvt. Ltd. (the Petitioner) supplied structural steel to Enestee Engineering Limited (the Corporate Debtor) during September 2017 to October 2017 and raised 8 invoices amounting to Rs. 54,50,502/-. The Corporate Debtor made a part-payment of Rs. 3,93,253/- on 01.11.2017. A demand notice was issued on 21.05.2018 for Rs. 54,92,306/- including interest. The Corporate Debtor did not reply to the demand notice. Two cheques issued by the Corporate Debtor were returned due to insufficient funds. The ledger account shows that an amount of Rs. 54,50,502/- remains payable for a period from 01.04.2017 to 09.05.2018.
The Petitioner supplied structural steel to the…
The Petitioner supplied structural steel to the…