The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by an Operational Creditor (MRS. NEENA SAKARIYA, PROPERITOR OF MR INDUSTRIAL SERVICES) against a Corporate Debtor (HI RISE INFRATECH PRIVATE LIMITED) to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an outstanding amount of Rs. 25,14,415/-, including interest, for the supply of steel pipes, pipe fittings, flanges, stainless steel, etc., to the Corporate Debtor, who is involved in the construction business. The invoices for the supplied goods were dated between 23.10.2017 and 02.12.2017, amounting to Rs. 18,47,491/-. The Operational Creditor also claimed interest at 24% per annum as per the invoice terms. A demand notice
…The Operational Creditor, MRS. NEENA SAKARIYA, PROPERITOR OF MR INDUSTRIAL SERVICES, supplied steel pipes, pipe fittings, flanges, stainless steel, etc., to the Corporate Debtor, HI RISE INFRATECH PRIVATE LIMITED, who is involved in the construction business. The invoices for the supplied goods were dated between 23.10.2017 and 02.12.2017, amounting to Rs. 18,47,491/-. The Corporate Debtor received and accepted the pipes without any dispute regarding quantity or quality. The Corporate Debtor failed to make the payment for the invoices. The Operational Creditor claimed an outstanding amount of Rs. 25,14,415/-, including interest at 24% per annum as per the invoice terms. A demand notice dated 07.02.2019 was served on the Corporate Debtor under Section 8 of the Code. The
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Invoices issued between…
Invoices issued between…
The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by an Operational Creditor (MRS. NEENA SAKARIYA, PROPERITOR OF MR INDUSTRIAL SERVICES) against a Corporate Debtor (HI RISE INFRATECH PRIVATE LIMITED) to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an outstanding amount of Rs. 25,14,415/-, including interest, for the supply of steel pipes, pipe fittings, flanges, stainless steel, etc., to the Corporate Debtor, who is involved in the construction business. The invoices for the supplied goods were dated between 23.10.2017 and 02.12.2017, amounting to Rs. 18,47,491/-. The Operational Creditor also claimed interest at 24% per annum as per the invoice terms. A demand notice
…The Operational Creditor, MRS. NEENA SAKARIYA, PROPERITOR OF MR INDUSTRIAL SERVICES, supplied steel pipes, pipe fittings, flanges, stainless steel, etc., to the Corporate Debtor, HI RISE INFRATECH PRIVATE LIMITED, who is involved in the construction business. The invoices for the supplied goods were dated between 23.10.2017 and 02.12.2017, amounting to Rs. 18,47,491/-. The Corporate Debtor received and accepted the pipes without any dispute regarding quantity or quality. The Corporate Debtor failed to make the payment for the invoices. The Operational Creditor claimed an outstanding amount of Rs. 25,14,415/-, including interest at 24% per annum as per the invoice terms. A demand notice dated 07.02.2019 was served on the Corporate Debtor under Section 8 of the Code. The
…Invoices issued between…
Invoices issued between…