The petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Sunlarge Industries Private Limited (Operational Creditor) to initiate the Corporate Insolvency Resolution Process (CIRP) against H. L. Tech Fabrics Ltd. (Corporate Debtor) for default in payment of operational debt. The Operational Creditor claimed that the Corporate Debtor had purchased products against invoices for which payments were due.
Sunlarge Industries Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against H. L. Tech Fabrics Ltd. (Corporate Debtor) for default in payment of operational debt. The Operational Creditor is engaged in manufacturing Synthetic Monofilament Yarns. The Corporate Debtor purchased products from the Operational Creditor, raising invoices with outstanding amounts. The total principal amount due was Rs. 10,58,648. A demand notice was sent on 07.06.2019. The Operational Creditor submitted a ledger account showing a last payment of Rs. 1,25,000 on 30.06.2016. Email and WhatsApp communications were presented to establish the admission of liability. The Corporate Debtor did not appear during the proceedings,
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Invoice Sun/P/122/2015-1…
Invoice Sun/P/183/2015-1…
The petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Sunlarge Industries Private Limited (Operational Creditor) to initiate the Corporate Insolvency Resolution Process (CIRP) against H. L. Tech Fabrics Ltd. (Corporate Debtor) for default in payment of operational debt. The Operational Creditor claimed that the Corporate Debtor had purchased products against invoices for which payments were due.
Sunlarge Industries Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against H. L. Tech Fabrics Ltd. (Corporate Debtor) for default in payment of operational debt. The Operational Creditor is engaged in manufacturing Synthetic Monofilament Yarns. The Corporate Debtor purchased products from the Operational Creditor, raising invoices with outstanding amounts. The total principal amount due was Rs. 10,58,648. A demand notice was sent on 07.06.2019. The Operational Creditor submitted a ledger account showing a last payment of Rs. 1,25,000 on 30.06.2016. Email and WhatsApp communications were presented to establish the admission of liability. The Corporate Debtor did not appear during the proceedings,
…Invoice Sun/P/122/2015-1…
Invoice Sun/P/183/2015-1…