This case involves a petition filed by Ms. Shikha, proprietor of M/s Shree Shyam Enterprise, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against JNS Infratech Private Limited. The applicant, an operational creditor, claims that the respondent, the corporate debtor, defaulted on payments for goods supplied.
Ms. Shikha, operating as M/s Shree Shyam Enterprises, filed a petition against M/s JNS Infratech Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor (Shree Shyam Enterprises) supplied goods (10 mm & 20 mm aggregate) to the corporate debtor (JNS Infratech) between December 30, 2016, and January 31, 2017, raising invoices numbered 37, 38, 39, and 40. The total debt amounted to Rs 9,55,158. The corporate debtor failed to make payments despite reminders. A demand notice was issued on May 3, 2018, and received by the corporate debtor in June 2018, but the outstanding dues remained unpaid. The corporate debtor filed an application (CA No. 342/C-III/ND/18) to recall the order dated September 5, 2018, which was initially
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Operational Creditor…
Operational Creditor…
This case involves a petition filed by Ms. Shikha, proprietor of M/s Shree Shyam Enterprise, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against JNS Infratech Private Limited. The applicant, an operational creditor, claims that the respondent, the corporate debtor, defaulted on payments for goods supplied.
Ms. Shikha, operating as M/s Shree Shyam Enterprises, filed a petition against M/s JNS Infratech Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor (Shree Shyam Enterprises) supplied goods (10 mm & 20 mm aggregate) to the corporate debtor (JNS Infratech) between December 30, 2016, and January 31, 2017, raising invoices numbered 37, 38, 39, and 40. The total debt amounted to Rs 9,55,158. The corporate debtor failed to make payments despite reminders. A demand notice was issued on May 3, 2018, and received by the corporate debtor in June 2018, but the outstanding dues remained unpaid. The corporate debtor filed an application (CA No. 342/C-III/ND/18) to recall the order dated September 5, 2018, which was initially
…Operational Creditor…
Operational Creditor…