Rolastar Private Limited filed a petition under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Infragreen Airconditioning Private Limited, alleging default on a principal outstanding amount. Rolastar claimed a total amount of Rs. 7,49,080/- which includes principal amount of Rs. 5,61,672/- and interest of Rs. 1,87,408/-. The operational debt arose from the supply of ducting materials by Rolastar to Infragreen based on purchase orders issued between February and September 2017. A demand notice was served on Infragreen on February 7, 2019, but Infragreen neither responded nor made any payment.
Rolastar Private Limited (Operational Creditor) filed a petition against Infragreen Airconditioning Private Limited (Corporate Debtor) under Section 9 of the IBC, 2016, seeking to initiate CIRP. The claim was based on an alleged default of Rs. 7,49,080/-, comprising a principal amount of Rs. 5,61,672/- and interest of Rs. 1,87,408/-, arising from the supply of ducting materials. Purchase orders were issued by Infragreen to Rolastar between February and September 2017. Rolastar raised 13 invoices totaling Rs. 9,92,307/-, with Rs. 5,61,672/- due as of February 7, 2019. A demand notice was served on Infragreen on February 7, 2019, and received on February 13, 2019, but Infragreen did not respond or make any payment. As of March 31, 2019, Infragreen had reserves and
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Rolastar Private Limited filed a petition under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Infragreen Airconditioning Private Limited, alleging default on a principal outstanding amount. Rolastar claimed a total amount of Rs. 7,49,080/- which includes principal amount of Rs. 5,61,672/- and interest of Rs. 1,87,408/-. The operational debt arose from the supply of ducting materials by Rolastar to Infragreen based on purchase orders issued between February and September 2017. A demand notice was served on Infragreen on February 7, 2019, but Infragreen neither responded nor made any payment.
Rolastar Private Limited (Operational Creditor) filed a petition against Infragreen Airconditioning Private Limited (Corporate Debtor) under Section 9 of the IBC, 2016, seeking to initiate CIRP. The claim was based on an alleged default of Rs. 7,49,080/-, comprising a principal amount of Rs. 5,61,672/- and interest of Rs. 1,87,408/-, arising from the supply of ducting materials. Purchase orders were issued by Infragreen to Rolastar between February and September 2017. Rolastar raised 13 invoices totaling Rs. 9,92,307/-, with Rs. 5,61,672/- due as of February 7, 2019. A demand notice was served on Infragreen on February 7, 2019, and received on February 13, 2019, but Infragreen did not respond or make any payment. As of March 31, 2019, Infragreen had reserves and
…Infragreen Airconditioning Private Limited…
Business relationship commenced between…
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