The application was filed by A.V. Wires Private Limited, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Fortune Fasteners Private Limited, the Corporate Debtor. The application was based on an alleged default in payment of an operational debt. The Corporate Debtor was incorporated on 26.02.2010. The Operational Creditor performed job work and supplied goods to the Corporate Debtor between 03.03.2017 and 27.02.2018. Part payments were received during the period 03.03.2017 to 27.03.2018, with the last receipt of payment on 27.03.2018. A demand notice was issued on 09.08.2018 and received by the Corporate Debtor on 14.08.2018 and 26.08.2018. The Corporate Debtor
…A.V. Wires Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Fortune Fasteners Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on a payment of Rs. 8,85,679/-. The default occurred on 07.09.2017. The Operational Creditor performed job work and supplied goods to the Corporate Debtor between 03.03.2017 and 27.02.2018. Part payments were received during the period 03.03.2017 to 27.03.2018. The last receipt of payment was on 27.03.2018. A demand notice was issued on 09.08.2018 and received by the Corporate Debtor on 14.08.2018 at the registered address in Delhi and on 26.08.2018 at
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Fortune Fasteners…
Operational Creditor…
The application was filed by A.V. Wires Private Limited, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Fortune Fasteners Private Limited, the Corporate Debtor. The application was based on an alleged default in payment of an operational debt. The Corporate Debtor was incorporated on 26.02.2010. The Operational Creditor performed job work and supplied goods to the Corporate Debtor between 03.03.2017 and 27.02.2018. Part payments were received during the period 03.03.2017 to 27.03.2018, with the last receipt of payment on 27.03.2018. A demand notice was issued on 09.08.2018 and received by the Corporate Debtor on 14.08.2018 and 26.08.2018. The Corporate Debtor
…A.V. Wires Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Fortune Fasteners Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on a payment of Rs. 8,85,679/-. The default occurred on 07.09.2017. The Operational Creditor performed job work and supplied goods to the Corporate Debtor between 03.03.2017 and 27.02.2018. Part payments were received during the period 03.03.2017 to 27.03.2018. The last receipt of payment was on 27.03.2018. A demand notice was issued on 09.08.2018 and received by the Corporate Debtor on 14.08.2018 at the registered address in Delhi and on 26.08.2018 at
…Fortune Fasteners…
Operational Creditor…