The case originates from a petition filed by M/s. Punjabi Accessoriezz Pvt. Ltd. (Operational Creditor) 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, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Kredo Beauty Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted in making payments for goods supplied.
M/s. Punjabi Accessoriezz Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Kredo Beauty Pvt. Ltd. (Corporate Debtor) due to unpaid operational debt. The Operational Creditor is engaged in the business of trading beauty products and accessories. The Corporate Debtor issued a purchase order on 18.09.2018 for Mask Beauty Products. The Operational Creditor issued a proforma invoice, which was accepted by the Corporate Debtor. The Corporate Debtor requested changes to the proforma invoice, including payment terms within 30 days, which the Operational Creditor accepted. Goods were delivered to the Corporate Debtor's warehouse on 20.10.2018
…Sign in to view the parties.
Corporate Debtor issued a purchase order…
Goods were delivered to…
The case originates from a petition filed by M/s. Punjabi Accessoriezz Pvt. Ltd. (Operational Creditor) 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, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Kredo Beauty Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted in making payments for goods supplied.
M/s. Punjabi Accessoriezz Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Kredo Beauty Pvt. Ltd. (Corporate Debtor) due to unpaid operational debt. The Operational Creditor is engaged in the business of trading beauty products and accessories. The Corporate Debtor issued a purchase order on 18.09.2018 for Mask Beauty Products. The Operational Creditor issued a proforma invoice, which was accepted by the Corporate Debtor. The Corporate Debtor requested changes to the proforma invoice, including payment terms within 30 days, which the Operational Creditor accepted. Goods were delivered to the Corporate Debtor's warehouse on 20.10.2018
…Corporate Debtor issued a purchase order…
Goods were delivered to…