The case involves a Company Petition (IB) No. 213/ALD/2018 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The petition was filed by M/s Kumar Casting Private Limited, an operational creditor, against M/s Jagdamba Loha Udhyog Pvt. Ltd., the corporate debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed an outstanding debt of Rs. 25,54,433/-.
M/s Kumar Casting Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Jagdamba Loha Udhyog Pvt. Ltd. (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor owed them Rs. 25,54,433/- for goods/raw materials sold and delivered. The Operational Creditor provided authorization letter from Mr. Vipin Goel (Director) dated 2018-05-21. The Operational Creditor annexed invoices/margin bills as evidence of the debt. A demand notice dated 2018-05-09 was issued to the Corporate Debtor, which was received at their registered address, but no notice of dispute was issued by the Corporate Debtor. The Operational Creditor
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M/s Jagdamba Loha…
Applicant sent a letter to the…
The case involves a Company Petition (IB) No. 213/ALD/2018 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The petition was filed by M/s Kumar Casting Private Limited, an operational creditor, against M/s Jagdamba Loha Udhyog Pvt. Ltd., the corporate debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed an outstanding debt of Rs. 25,54,433/-.
M/s Kumar Casting Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Jagdamba Loha Udhyog Pvt. Ltd. (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor owed them Rs. 25,54,433/- for goods/raw materials sold and delivered. The Operational Creditor provided authorization letter from Mr. Vipin Goel (Director) dated 2018-05-21. The Operational Creditor annexed invoices/margin bills as evidence of the debt. A demand notice dated 2018-05-09 was issued to the Corporate Debtor, which was received at their registered address, but no notice of dispute was issued by the Corporate Debtor. The Operational Creditor
…M/s Jagdamba Loha…
Applicant sent a letter to the…