The operational creditor filed a company petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process against the corporate debtor for an operational debt of Rs. 45,00,119/-.
Power2Sme Private Limited, the operational creditor, filed a company petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudication Authority) Rules, 2016. The petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Govinda Industries Private Limited, the corporate debtor, for an operational debt amounting to Rs. 45,00,119/-. The operational creditor is in the business of procuring and selling raw materials, consumables, operational supplies, and industrial goods to micro, small, and medium enterprises (SMEs). The corporate debtor approached the operational creditor for the purchase of Polymer (LLDPE) of a particular specification, placing various
…Sign in to view the parties.
Corporate Debtor placed Purchase Order No. GI…
Corporate Debtor placed Purchase Order No. GI…
The operational creditor filed a company petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process against the corporate debtor for an operational debt of Rs. 45,00,119/-.
Power2Sme Private Limited, the operational creditor, filed a company petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudication Authority) Rules, 2016. The petition sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Govinda Industries Private Limited, the corporate debtor, for an operational debt amounting to Rs. 45,00,119/-. The operational creditor is in the business of procuring and selling raw materials, consumables, operational supplies, and industrial goods to micro, small, and medium enterprises (SMEs). The corporate debtor approached the operational creditor for the purchase of Polymer (LLDPE) of a particular specification, placing various
…Corporate Debtor placed Purchase Order No. GI…
Corporate Debtor placed Purchase Order No. GI…