M/s Ambe Agrofoods Private Limited, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against M/s Eshal Foods Private Limited, the corporate debtor, to initiate the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed that the corporate debtor defaulted on payments for supplied Chakki Wheat Flour. The petition was supported by a Board Resolution authorizing Mr. Amit Raniwala as the representative of the operational creditor. The operational creditor claimed a total amount of Rs. 20,04,734.50, including interest at 12% per annum, based on unpaid invoices.
M/s Ambe Agrofoods Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against M/s Eshal Foods Private Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that they supplied Chakki Wheat Flour to the Corporate Debtor from 2018-11-14 to 2019-02-06. The total amount claimed under the invoices was Rs. 20,04,734.50, including interest at 12% per annum. The last payment received by the Operational Creditor was Rs. 2,15,000 on 2019-02-05. The Operational Creditor sent a demand notice dated 2019-03-26 under Section 8 of IBC 2016 on 2019-03-27. The demand notice could not be served through registered post and courier, but it was served
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Operational Creditor…
Operational Creditor…
M/s Ambe Agrofoods Private Limited, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against M/s Eshal Foods Private Limited, the corporate debtor, to initiate the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed that the corporate debtor defaulted on payments for supplied Chakki Wheat Flour. The petition was supported by a Board Resolution authorizing Mr. Amit Raniwala as the representative of the operational creditor. The operational creditor claimed a total amount of Rs. 20,04,734.50, including interest at 12% per annum, based on unpaid invoices.
M/s Ambe Agrofoods Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against M/s Eshal Foods Private Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that they supplied Chakki Wheat Flour to the Corporate Debtor from 2018-11-14 to 2019-02-06. The total amount claimed under the invoices was Rs. 20,04,734.50, including interest at 12% per annum. The last payment received by the Operational Creditor was Rs. 2,15,000 on 2019-02-05. The Operational Creditor sent a demand notice dated 2019-03-26 under Section 8 of IBC 2016 on 2019-03-27. The demand notice could not be served through registered post and courier, but it was served
…Operational Creditor…
Operational Creditor…