M/s. Vaishno Engineer System Associates, an operational creditor, filed an application under section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Maa Tara Ispat Industries Private Limited, the corporate debtor. The operational creditor claimed an outstanding operational debt of Rs. 18,76,140/-, which included a principal sum of Rs. 14,89,000/- and interest of Rs. 3,87,140/- accrued from March 2016 to April 30, 2018. This debt arose from fabrication, erection, installation, and commissioning of a furnace plant.
…M/s. Vaishno Engineer System Associates, the operational creditor, filed an application under section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Maa Tara Ispat Industries Private Limited, the corporate debtor. The application sought to initiate the Corporate Insolvency Resolution Process (CIRP) due to an alleged unpaid operational debt totaling Rs. 18,76,140/-. This amount comprised a principal sum of Rs. 14,89,000/- and interest of Rs. 3,87,140/- calculated from March 2016 to April 30, 2018.
…Corporate Debtor issued the first work order…
The last invoice for goods supplied and services…
M/s. Vaishno Engineer System Associates, an operational creditor, filed an application under section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Maa Tara Ispat Industries Private Limited, the corporate debtor. The operational creditor claimed an outstanding operational debt of Rs. 18,76,140/-, which included a principal sum of Rs. 14,89,000/- and interest of Rs. 3,87,140/- accrued from March 2016 to April 30, 2018. This debt arose from fabrication, erection, installation, and commissioning of a furnace plant.
…M/s. Vaishno Engineer System Associates, the operational creditor, filed an application under section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Maa Tara Ispat Industries Private Limited, the corporate debtor. The application sought to initiate the Corporate Insolvency Resolution Process (CIRP) due to an alleged unpaid operational debt totaling Rs. 18,76,140/-. This amount comprised a principal sum of Rs. 14,89,000/- and interest of Rs. 3,87,140/- calculated from March 2016 to April 30, 2018.
…Corporate Debtor issued the first work order…
The last invoice for goods supplied and services…