Payal Gold Private Limited, the Operational Creditor, filed a Company Petition seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Goodwin Jewellers Private Limited, the Corporate Debtor, due to alleged default in payment for goods supplied. The Operational Creditor claimed that the Corporate Debtor failed to pay for gold jewelry procured on three occasions during the financial year 2018-2019, despite the delivery of goods and issuance of dishonored cheques. A demand notice was served, to which the Corporate Debtor replied requesting more time for payment.
Payal Gold Private Limited (Operational Creditor) supplied gold jewelry to Goodwin Jewellers Private Limited (Corporate Debtor) on three occasions during the financial year 2018-2019. Invoices were raised on 2019-02-22 (Rs. 42,00,000), 2019-02-23 (Rs. 42,00,000), and 2019-02-26 (Rs. 43,00,000), totaling Rs. 1,27,00,000. The goods were duly delivered. The Corporate Debtor issued cheques that were dishonored due to insufficient funds. The Operational Creditor sent reminders, but the Corporate Debtor cited financial difficulties and requested more time. A demand notice dated 2019-04-10 was sent to the Corporate Debtor and received on 2019-04-13. The Corporate Debtor replied on 2019-04-18, requesting 6-8 months to make payments, acknowledging their liability. The Corporate
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Invoice No. SG-5140 of…
Invoice No. SG-5164 of…
Payal Gold Private Limited, the Operational Creditor, filed a Company Petition seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Goodwin Jewellers Private Limited, the Corporate Debtor, due to alleged default in payment for goods supplied. The Operational Creditor claimed that the Corporate Debtor failed to pay for gold jewelry procured on three occasions during the financial year 2018-2019, despite the delivery of goods and issuance of dishonored cheques. A demand notice was served, to which the Corporate Debtor replied requesting more time for payment.
Payal Gold Private Limited (Operational Creditor) supplied gold jewelry to Goodwin Jewellers Private Limited (Corporate Debtor) on three occasions during the financial year 2018-2019. Invoices were raised on 2019-02-22 (Rs. 42,00,000), 2019-02-23 (Rs. 42,00,000), and 2019-02-26 (Rs. 43,00,000), totaling Rs. 1,27,00,000. The goods were duly delivered. The Corporate Debtor issued cheques that were dishonored due to insufficient funds. The Operational Creditor sent reminders, but the Corporate Debtor cited financial difficulties and requested more time. A demand notice dated 2019-04-10 was sent to the Corporate Debtor and received on 2019-04-13. The Corporate Debtor replied on 2019-04-18, requesting 6-8 months to make payments, acknowledging their liability. The Corporate
…Invoice No. SG-5140 of…
Invoice No. SG-5164 of…