The case pertains to an application filed by Sachi Steel Solutions Pvt Ltd, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) against GRG Infrastructure Private Limited, the Corporate Debtor. The Operational Creditor claimed a debt of Rs. 2,46,359/- including interest. The Corporate Debtor had issued a purchase order to the Operational Creditor on 16.07.2019 for the supply of goods. The Operational Creditor supplied the materials and raised an invoice dated 16.07.2019 for Rs 4,24,145/-. Despite reminders, the Corporate Debtor failed to pay the due amount. The Operational Creditor issued a demand notice on 16/11/2019, which was received by the Corporate Debtor on
…Sachi Steel Solutions Pvt Ltd (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against GRG Infrastructure Private Limited (Corporate Debtor). The claimed debt in default was Rs. 2,46,359/- including interest. The Corporate Debtor issued a purchase order on 2019-07-16 to the Operational Creditor for the supply of Drawn Ribwire of 5 & 6 MM. The Operational Creditor supplied the materials and raised invoice no.GST/1920/0148 dated 2019-07-16 for Rs 4,24,145/-. Due to non-payment, the Operational Creditor issued a demand notice on 2019-11-16, received by the Corporate Debtor on 2019-11-27. The Corporate Debtor made a part-payment of Rs. 2,00,000/- on
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Corporate Debtor issued…
Operational Creditor…
The case pertains to an application filed by Sachi Steel Solutions Pvt Ltd, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) against GRG Infrastructure Private Limited, the Corporate Debtor. The Operational Creditor claimed a debt of Rs. 2,46,359/- including interest. The Corporate Debtor had issued a purchase order to the Operational Creditor on 16.07.2019 for the supply of goods. The Operational Creditor supplied the materials and raised an invoice dated 16.07.2019 for Rs 4,24,145/-. Despite reminders, the Corporate Debtor failed to pay the due amount. The Operational Creditor issued a demand notice on 16/11/2019, which was received by the Corporate Debtor on
…Sachi Steel Solutions Pvt Ltd (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against GRG Infrastructure Private Limited (Corporate Debtor). The claimed debt in default was Rs. 2,46,359/- including interest. The Corporate Debtor issued a purchase order on 2019-07-16 to the Operational Creditor for the supply of Drawn Ribwire of 5 & 6 MM. The Operational Creditor supplied the materials and raised invoice no.GST/1920/0148 dated 2019-07-16 for Rs 4,24,145/-. Due to non-payment, the Operational Creditor issued a demand notice on 2019-11-16, received by the Corporate Debtor on 2019-11-27. The Corporate Debtor made a part-payment of Rs. 2,00,000/- on
…Corporate Debtor issued…
Operational Creditor…