The petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, by Sunlarge Industries Private Limited (Operational Creditor) to initiate the Corporate Insolvency Resolution Process (CIRP) against H. L. Tech Fabrics Ltd. (Corporate Debtor). The Operational Creditor claimed default in payment for products purchased by the Corporate Debtor.
Sunlarge Industries Private Limited, the Operational Creditor, filed a petition under Section 9 of the IBC to initiate CIRP against H.L. Tech Fabrics Ltd., the Corporate Debtor. Sunlarge Industries claimed that H.L. Tech Fabrics defaulted on payments for purchased synthetic monofilament yarns. The total outstanding principal amount was Rs. 10,58,648. Sunlarge Industries sent a demand notice dated 07.06.2019 under Section 8 of the IBC, which the Corporate Debtor did not reply to. The Operational Creditor submitted invoices, a ledger account, and email/WhatsApp communications to demonstrate the debt and default. The Corporate Debtor did not appear during the proceedings, leading to an ex-parte order. The authorized share capital of the respondent company is
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Invoice No. Sun/P/122/20…
Invoice No. Sun/P/183/20…
The petition was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, by Sunlarge Industries Private Limited (Operational Creditor) to initiate the Corporate Insolvency Resolution Process (CIRP) against H. L. Tech Fabrics Ltd. (Corporate Debtor). The Operational Creditor claimed default in payment for products purchased by the Corporate Debtor.
Sunlarge Industries Private Limited, the Operational Creditor, filed a petition under Section 9 of the IBC to initiate CIRP against H.L. Tech Fabrics Ltd., the Corporate Debtor. Sunlarge Industries claimed that H.L. Tech Fabrics defaulted on payments for purchased synthetic monofilament yarns. The total outstanding principal amount was Rs. 10,58,648. Sunlarge Industries sent a demand notice dated 07.06.2019 under Section 8 of the IBC, which the Corporate Debtor did not reply to. The Operational Creditor submitted invoices, a ledger account, and email/WhatsApp communications to demonstrate the debt and default. The Corporate Debtor did not appear during the proceedings, leading to an ex-parte order. The authorized share capital of the respondent company is
…Invoice No. Sun/P/122/20…
Invoice No. Sun/P/183/20…