The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by M/s. Decopride, a proprietor firm, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Gupta & Sons (Motors) Private Limited, the Corporate Debtor. The application was based on the Corporate Debtor's alleged default in paying an operational debt of Rs. 2,86,239/-. The Operational Creditor claimed to have provided labor services to the Corporate Debtor as per their requisition in 2018, raising an invoice for Rs. 2,39,239/-. Despite follow-ups, the Corporate Debtor allegedly failed to pay the amount. A demand notice was served on 30.07.2019 under Section 8 of the IBC.
M/s. Decopride, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Gupta & Sons (Motors) Private Limited, the corporate debtor. The application was based on the corporate debtor's alleged default in paying an operational debt of Rs. 2,86,239/-. The operational creditor claimed to have provided labor services to the corporate debtor as per their requisition in 2018, raising an invoice for Rs. 2,39,239/-. Despite follow-ups, the corporate debtor allegedly failed to pay the amount. A demand notice was served on 30.07.2019 under Section 8 of the IBC. The corporate debtor, in its reply, admitted that the debt was outstanding in its books of
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The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by M/s. Decopride, a proprietor firm, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Gupta & Sons (Motors) Private Limited, the Corporate Debtor. The application was based on the Corporate Debtor's alleged default in paying an operational debt of Rs. 2,86,239/-. The Operational Creditor claimed to have provided labor services to the Corporate Debtor as per their requisition in 2018, raising an invoice for Rs. 2,39,239/-. Despite follow-ups, the Corporate Debtor allegedly failed to pay the amount. A demand notice was served on 30.07.2019 under Section 8 of the IBC.
M/s. Decopride, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Gupta & Sons (Motors) Private Limited, the corporate debtor. The application was based on the corporate debtor's alleged default in paying an operational debt of Rs. 2,86,239/-. The operational creditor claimed to have provided labor services to the corporate debtor as per their requisition in 2018, raising an invoice for Rs. 2,39,239/-. Despite follow-ups, the corporate debtor allegedly failed to pay the amount. A demand notice was served on 30.07.2019 under Section 8 of the IBC. The corporate debtor, in its reply, admitted that the debt was outstanding in its books of
…Operational Creditor provided services of…
Operational Creditor served a demand notice on…