Anant Overseas Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate a Corporate Insolvency Resolution Process against Global Houseware Limited. Anant Overseas claimed to be an operational creditor, and Global Houseware was described as the corporate debtor. The corporate debtor had been purchasing raw materials from the operational creditor. The corporate debtor defaulted in payments from 2016-05-02 to 2017-02-14.
Anant Overseas Pvt. Ltd. (Operational Creditor) filed a petition against Global Houseware Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor is a private limited company incorporated under the Companies Act with its registered office in New Delhi. The Corporate Debtor is also a private limited company engaged in the trade of Stainless Steel products. The Corporate Debtor purchased raw materials from the Operational Creditor. The Corporate Debtor defaulted on payments from 2016-05-02 to 2017-02-14. The last payment was made on 2016-09-30. A sum of Rs. 2,47,77,635.62 was found due. Interest was agreed at 24% per annum for late payments. A notice of demand was issued on 2017-03-29. The Corporate Debtor
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The Corporate Debtor…
The last payment made…
Anant Overseas Pvt. Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate a Corporate Insolvency Resolution Process against Global Houseware Limited. Anant Overseas claimed to be an operational creditor, and Global Houseware was described as the corporate debtor. The corporate debtor had been purchasing raw materials from the operational creditor. The corporate debtor defaulted in payments from 2016-05-02 to 2017-02-14.
Anant Overseas Pvt. Ltd. (Operational Creditor) filed a petition against Global Houseware Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor is a private limited company incorporated under the Companies Act with its registered office in New Delhi. The Corporate Debtor is also a private limited company engaged in the trade of Stainless Steel products. The Corporate Debtor purchased raw materials from the Operational Creditor. The Corporate Debtor defaulted on payments from 2016-05-02 to 2017-02-14. The last payment was made on 2016-09-30. A sum of Rs. 2,47,77,635.62 was found due. Interest was agreed at 24% per annum for late payments. A notice of demand was issued on 2017-03-29. The Corporate Debtor
…The Corporate Debtor…
The last payment made…