The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Smt. Kanika Dandona, through her attorney holder Mr. Jatin Dandona, representing Lakshmi Plastic Centre Co. (Operational Creditor), to initiate Corporate Insolvency Resolution Process (CIRP) against Intertek Appliances Private Limited (Corporate Debtor). The operational creditor claimed that the corporate debtor defaulted on payments for goods and materials supplied during 2019. The total amount in default was ₹12,54,521/-, including principal and interest.
Smt. Kanika Dandona, representing Lakshmi Plastic Centre Co. (Operational Creditor), filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Intertek Appliances Private Limited (Corporate Debtor). The operational creditor supplied goods and materials to the corporate debtor during 2019 and issued invoices. The total amount claimed to be in default was ₹12,54,521/-, including ₹12,37,201/- as principal and ₹17,320/- as interest. A demand notice dated 02.11.2019 was served upon the corporate debtor. The corporate debtor filed a reply admitting the default due to financial crisis. The operational creditor also attached a ledger account of the corporate debtor. The court observed that
…Sign in to view the parties.
Operational creditor supplied goods and…
A demand notice in Form…
The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Smt. Kanika Dandona, through her attorney holder Mr. Jatin Dandona, representing Lakshmi Plastic Centre Co. (Operational Creditor), to initiate Corporate Insolvency Resolution Process (CIRP) against Intertek Appliances Private Limited (Corporate Debtor). The operational creditor claimed that the corporate debtor defaulted on payments for goods and materials supplied during 2019. The total amount in default was ₹12,54,521/-, including principal and interest.
Smt. Kanika Dandona, representing Lakshmi Plastic Centre Co. (Operational Creditor), filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Intertek Appliances Private Limited (Corporate Debtor). The operational creditor supplied goods and materials to the corporate debtor during 2019 and issued invoices. The total amount claimed to be in default was ₹12,54,521/-, including ₹12,37,201/- as principal and ₹17,320/- as interest. A demand notice dated 02.11.2019 was served upon the corporate debtor. The corporate debtor filed a reply admitting the default due to financial crisis. The operational creditor also attached a ledger account of the corporate debtor. The court observed that
…Operational creditor supplied goods and…
A demand notice in Form…