The case involves an application filed by M/s Chryso (India) Private Limited, the Operational Creditor, against Joyross Technical Services Pvt. Ltd, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the IB(AAA) Rules, 2016. The Operational Creditor claimed that the Corporate Debtor had defaulted on payments for chemical products purchased in September 2016. Despite reminders and a demand notice, the Corporate Debtor failed to make the outstanding payments. The Operational Creditor then filed an application to initiate the Corporate Insolvency Resolution Process (CIRP).
M/s Chryso (India) Private Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Joyross Technical Services Pvt. Ltd, the Corporate Debtor. The Corporate Debtor had purchased chemical products from the Operational Creditor in September 2016. A purchase order was issued on September 28, 2016. The Operational Creditor delivered goods under Invoice No.C2PS16-067 dated September 30, 2016, amounting to ₹29,34,838/-. The Corporate Debtor failed to make payments towards the outstanding amount. The Operational Creditor reminded the Corporate Debtor through several emails. The Corporate Debtor made a partial payment of Rs.50,000/- on June 13, 2017, and issued a cheque which was dishonoured on October 25,
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The Corporate Debtor…
The Corporate Debtor…
The case involves an application filed by M/s Chryso (India) Private Limited, the Operational Creditor, against Joyross Technical Services Pvt. Ltd, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the IB(AAA) Rules, 2016. The Operational Creditor claimed that the Corporate Debtor had defaulted on payments for chemical products purchased in September 2016. Despite reminders and a demand notice, the Corporate Debtor failed to make the outstanding payments. The Operational Creditor then filed an application to initiate the Corporate Insolvency Resolution Process (CIRP).
M/s Chryso (India) Private Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Joyross Technical Services Pvt. Ltd, the Corporate Debtor. The Corporate Debtor had purchased chemical products from the Operational Creditor in September 2016. A purchase order was issued on September 28, 2016. The Operational Creditor delivered goods under Invoice No.C2PS16-067 dated September 30, 2016, amounting to ₹29,34,838/-. The Corporate Debtor failed to make payments towards the outstanding amount. The Operational Creditor reminded the Corporate Debtor through several emails. The Corporate Debtor made a partial payment of Rs.50,000/- on June 13, 2017, and issued a cheque which was dishonoured on October 25,
…The Corporate Debtor…
The Corporate Debtor…