The case involves an application filed by Rasendra Chemexport Private Limited, an operational creditor, against Food Island Private Ltd, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed that the corporate debtor was indebted to them for a sum of Rs. 2,10,793/- towards the supply of various chemicals. Despite repeated promises, the corporate debtor failed to clear the dues, leading to the filing of the petition.
Rasendra Chemexport Private Limited, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Food Island Private Ltd, the corporate debtor. The operational creditor claimed that the corporate debtor owed them Rs. 2,10,793/- for the supply of chemicals. The last payment received from the corporate debtor was on 25.10.2018, and the operational debt fell due on the same date. Despite assurances, the corporate debtor failed to clear the dues, prompting the operational creditor to issue a notice on 11.01.2020, which went unanswered. The corporate debtor is a private limited company registered under the Companies Act, 1956, with a registered office in Rajkot, Gujarat. The operational creditor submitted documents such as
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The operational debt fell due on 25.10.2018,…
The operational creditor issued a demand…
The case involves an application filed by Rasendra Chemexport Private Limited, an operational creditor, against Food Island Private Ltd, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed that the corporate debtor was indebted to them for a sum of Rs. 2,10,793/- towards the supply of various chemicals. Despite repeated promises, the corporate debtor failed to clear the dues, leading to the filing of the petition.
Rasendra Chemexport Private Limited, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Food Island Private Ltd, the corporate debtor. The operational creditor claimed that the corporate debtor owed them Rs. 2,10,793/- for the supply of chemicals. The last payment received from the corporate debtor was on 25.10.2018, and the operational debt fell due on the same date. Despite assurances, the corporate debtor failed to clear the dues, prompting the operational creditor to issue a notice on 11.01.2020, which went unanswered. The corporate debtor is a private limited company registered under the Companies Act, 1956, with a registered office in Rajkot, Gujarat. The operational creditor submitted documents such as
…The operational debt fell due on 25.10.2018,…
The operational creditor issued a demand…