The case involves an application filed 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, by Esskkaay Construction (Operational Creditor) against Fortune Mix India Private Limited (Corporate Debtor). The application was filed due to the Corporate Debtor defaulting on a payment of Rs. 9,55,510/-. The application was initially filed on 30.09.2019.
Esskkaay Construction (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Fortune Mix India Private Limited (Corporate Debtor) due to a default in payment. The Corporate Debtor had ordered 799.92 tonnes of M. Sand and quarry dust from the Operational Creditor on credit, with a promise to pay within 30 days of the invoice date. The total outstanding operational debt amounted to Rs. 9,55,510/-, including interest at 24% per annum, which fell due on 16.03.2019. The Operational Creditor provided evidence of supply through delivery challans, weighment slips, and GST certificates for the period between 15.03.2019 and 17.05.2019. A demand notice was sent on 03.08.2019, but the Corporate Debtor did not respond. The
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The case involves an application filed 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, by Esskkaay Construction (Operational Creditor) against Fortune Mix India Private Limited (Corporate Debtor). The application was filed due to the Corporate Debtor defaulting on a payment of Rs. 9,55,510/-. The application was initially filed on 30.09.2019.
Esskkaay Construction (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Fortune Mix India Private Limited (Corporate Debtor) due to a default in payment. The Corporate Debtor had ordered 799.92 tonnes of M. Sand and quarry dust from the Operational Creditor on credit, with a promise to pay within 30 days of the invoice date. The total outstanding operational debt amounted to Rs. 9,55,510/-, including interest at 24% per annum, which fell due on 16.03.2019. The Operational Creditor provided evidence of supply through delivery challans, weighment slips, and GST certificates for the period between 15.03.2019 and 17.05.2019. A demand notice was sent on 03.08.2019, but the Corporate Debtor did not respond. The
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Start date of the period…