Ashtech Buildpro India Private Limited, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Grip Infrastructures Private Limited, the corporate debtor. The operational creditor claimed that the corporate debtor had approached them for the supply of AAC blocks of different sizes. The operational creditor supplied the materials as per the requirements and raised invoices for the transactions. The invoices were to be paid within 60 days of supply. The operational creditor claimed that an amount of Rs 12,23,911 was outstanding and payable by the corporate debtor.
Ashtech Buildpro India Private Limited (Operational Creditor) filed a petition against Grip Infrastructures Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor supplied AAC blocks to the Corporate Debtor based on their requirements. Invoices were raised for these supplies, with payment due within 60 days. An amount of Rs 12,23,911 remained outstanding. A statutory demand notice was issued on 07.10.2017 and received by the Corporate Debtor on 09.10.2017. The Corporate Debtor failed to respond to the notice or make the payment. The Corporate Debtor did not appear before the Tribunal despite being served with the notice of the proceedings. The Operational Creditor submitted that no dispute was pending
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The Operational…
The Operational…
Ashtech Buildpro India Private Limited, the operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Grip Infrastructures Private Limited, the corporate debtor. The operational creditor claimed that the corporate debtor had approached them for the supply of AAC blocks of different sizes. The operational creditor supplied the materials as per the requirements and raised invoices for the transactions. The invoices were to be paid within 60 days of supply. The operational creditor claimed that an amount of Rs 12,23,911 was outstanding and payable by the corporate debtor.
Ashtech Buildpro India Private Limited (Operational Creditor) filed a petition against Grip Infrastructures Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor supplied AAC blocks to the Corporate Debtor based on their requirements. Invoices were raised for these supplies, with payment due within 60 days. An amount of Rs 12,23,911 remained outstanding. A statutory demand notice was issued on 07.10.2017 and received by the Corporate Debtor on 09.10.2017. The Corporate Debtor failed to respond to the notice or make the payment. The Corporate Debtor did not appear before the Tribunal despite being served with the notice of the proceedings. The Operational Creditor submitted that no dispute was pending
…The Operational…
The Operational…