The case involves a transferred petition from the Hon'ble High Court, where the petitioner had initially sought 'Winding Up' under the Companies Act 1956. The operational creditor filed the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to non-payment of dues by the corporate debtor.
M/s. Krystal Integrated Services Pvt. Ltd., the operational creditor, filed a petition against M/s. Global Gallarie Motors Pvt. Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor had provided security, guarding, and supervising manpower services to the corporate debtor. The total principal amount in default was Rs. 5,12,499/-. The operational creditor had issued 18 sales invoices aggregating to Rs. 16,91,788/-, out of which Rs. 11,79,289/- was paid. The operational creditor issued demand notices on 18th December, 2015 and 22nd February, 2016. The corporate debtor admitted the liability during a hearing on 2nd November, 2016. No payments were received after 31st May, 2016. The invoices issued by the
…Sign in to view the parties.
Operational Creditor…
Operational Creditor…
The case involves a transferred petition from the Hon'ble High Court, where the petitioner had initially sought 'Winding Up' under the Companies Act 1956. The operational creditor filed the petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, due to non-payment of dues by the corporate debtor.
M/s. Krystal Integrated Services Pvt. Ltd., the operational creditor, filed a petition against M/s. Global Gallarie Motors Pvt. Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor had provided security, guarding, and supervising manpower services to the corporate debtor. The total principal amount in default was Rs. 5,12,499/-. The operational creditor had issued 18 sales invoices aggregating to Rs. 16,91,788/-, out of which Rs. 11,79,289/- was paid. The operational creditor issued demand notices on 18th December, 2015 and 22nd February, 2016. The corporate debtor admitted the liability during a hearing on 2nd November, 2016. No payments were received after 31st May, 2016. The invoices issued by the
…Operational Creditor…
Operational Creditor…