Shri Sanjay Agarwal, an Operational Creditor, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, alleging that M/s. GM Agro Allied Pvt. Ltd., the Corporate Debtor, defaulted in payment of Rs. 7,83,228/- for the supply of de-oiled rice bran. The Operational Creditor claimed that the Corporate Debtor failed to make payments despite supplying materials between 06-12-2015 and 06-02-2016. The Corporate Debtor made partial payments via cheques which were dishonored due to insufficient funds. The Operational Creditor issued a demand notice under Section 8(1) of the Code on 30-11-2018, which was received by the Corporate Debtor on 15-11-2018, but no reply was received.
Shri Sanjay Agarwal, representing Sri Laxmi Agro Products (Operational Creditor), filed an application against M/s. GM Agro Allied Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016. The claim was for Rs. 7,83,228/- due to unpaid operational debt for the supply of de-oiled rice bran. The Operational Creditor supplied materials between 06-12-2015 and 06-02-2016. The Corporate Debtor made partial payments via cheques which were dishonored due to insufficient funds. The Operational Creditor issued a demand notice on 30-11-2018, received by the Corporate Debtor on 15-11-2018, but no reply was received. The Corporate Debtor did not object to the application. The Operational Creditor also claimed interest @ 12% per annum, but the court
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The Operational…
The Operational Creditor completed the supply…
Shri Sanjay Agarwal, an Operational Creditor, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, alleging that M/s. GM Agro Allied Pvt. Ltd., the Corporate Debtor, defaulted in payment of Rs. 7,83,228/- for the supply of de-oiled rice bran. The Operational Creditor claimed that the Corporate Debtor failed to make payments despite supplying materials between 06-12-2015 and 06-02-2016. The Corporate Debtor made partial payments via cheques which were dishonored due to insufficient funds. The Operational Creditor issued a demand notice under Section 8(1) of the Code on 30-11-2018, which was received by the Corporate Debtor on 15-11-2018, but no reply was received.
Shri Sanjay Agarwal, representing Sri Laxmi Agro Products (Operational Creditor), filed an application against M/s. GM Agro Allied Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016. The claim was for Rs. 7,83,228/- due to unpaid operational debt for the supply of de-oiled rice bran. The Operational Creditor supplied materials between 06-12-2015 and 06-02-2016. The Corporate Debtor made partial payments via cheques which were dishonored due to insufficient funds. The Operational Creditor issued a demand notice on 30-11-2018, received by the Corporate Debtor on 15-11-2018, but no reply was received. The Corporate Debtor did not object to the application. The Operational Creditor also claimed interest @ 12% per annum, but the court
…The Operational…
The Operational Creditor completed the supply…