The case involves an application filed on 2020-02-03 by Arvind Pipes And Fittings Industries Private Limited (Operational Creditor) against KH Foges India Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) due to an operational debt of Rs. 4,05,89,889.00. The Operational Creditor is in the business of manufacturing and supplying MS TMT Bars, while the Corporate Debtor is involved in piling work, infrastructure, and project development. The Corporate Debtor had approached the Operational Creditor for the supply of MS TMT Bars. The Corporate Debtor failed to pay the tax invoices raised by the applicant company since 2018-10-20.
Arvind Pipes And Fittings Industries Private Limited (Operational Creditor) filed a company petition on 2020-02-03 against KH Foges India Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The claim was based on an operational debt of Rs. 4,05,89,889.00. The Operational Creditor is engaged in the business of manufacturing and supplying MS TMT Bars, with a factory in Gujarat. The Corporate Debtor is involved in piling work, infrastructure, and project development across India. The Corporate Debtor had approached the Operational Creditor for the supply of MS TMT Bars. The Operational Creditor agreed and supplied the MS TMT Bars based on purchase orders.
…Sign in to view the parties.
The company petition was filed by Arvind Pipes…
The Corporate Debtor failed to pay the tax…
The case involves an application filed on 2020-02-03 by Arvind Pipes And Fittings Industries Private Limited (Operational Creditor) against KH Foges India Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) due to an operational debt of Rs. 4,05,89,889.00. The Operational Creditor is in the business of manufacturing and supplying MS TMT Bars, while the Corporate Debtor is involved in piling work, infrastructure, and project development. The Corporate Debtor had approached the Operational Creditor for the supply of MS TMT Bars. The Corporate Debtor failed to pay the tax invoices raised by the applicant company since 2018-10-20.
Arvind Pipes And Fittings Industries Private Limited (Operational Creditor) filed a company petition on 2020-02-03 against KH Foges India Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The claim was based on an operational debt of Rs. 4,05,89,889.00. The Operational Creditor is engaged in the business of manufacturing and supplying MS TMT Bars, with a factory in Gujarat. The Corporate Debtor is involved in piling work, infrastructure, and project development across India. The Corporate Debtor had approached the Operational Creditor for the supply of MS TMT Bars. The Operational Creditor agreed and supplied the MS TMT Bars based on purchase orders.
…The company petition was filed by Arvind Pipes…
The Corporate Debtor failed to pay the tax…