The Financial Creditor, M/s Dhiraj Enterprises Private Limited, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s Janpragti Commodities Private Limited, due to an alleged default in payment of a financial debt.
M/s Dhiraj Enterprises Private Limited, the Financial Creditor, filed an application under section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The application sought to initiate the Corporate Insolvency Resolution Process against M/s Janpragti Commodities Private Limited, the Corporate Debtor. The Financial Creditor claimed a total outstanding sum of Rs. 74,97,874/-, including interest at 12%, with the default occurring on April 1, 2019. The Financial Creditor submitted a statement of account (Annexure-C) detailing the principal amount outstanding at the beginning of the year 2019-20 as Rs. 71,61,200/-, with interest of Rs. 3,36,674/- computed until August 21,
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The Financial Creditor, M/s Dhiraj Enterprises Private Limited, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s Janpragti Commodities Private Limited, due to an alleged default in payment of a financial debt.
M/s Dhiraj Enterprises Private Limited, the Financial Creditor, filed an application under section 7 of the Insolvency and Bankruptcy Code, 2016, read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The application sought to initiate the Corporate Insolvency Resolution Process against M/s Janpragti Commodities Private Limited, the Corporate Debtor. The Financial Creditor claimed a total outstanding sum of Rs. 74,97,874/-, including interest at 12%, with the default occurring on April 1, 2019. The Financial Creditor submitted a statement of account (Annexure-C) detailing the principal amount outstanding at the beginning of the year 2019-20 as Rs. 71,61,200/-, with interest of Rs. 3,36,674/- computed until August 21,
…The date on which the…
Interest on the…