The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s. Dharani Exim (the Operational Creditor) for initiating the Corporate Insolvency Resolution Process against M/s. Maruthi Food Processing and Agri Products Export (India) Private Limited (the Corporate Debtor). The Corporate Debtor defaulted in paying ₹10,82,620 to the Operational Creditor.
M/s. Dharani Exim, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Maruthi Food Processing and Agri Products Export (India) Private Limited, the Corporate Debtor. The Corporate Debtor defaulted in paying ₹10,82,620 to the Operational Creditor for the supply of 21MT of Steam Rice, as per an invoice dated 24.01.2017. The Operational Creditor obtained an order under the Micro, Small and Medium Enterprises Development Act, 2006, from the MSE Facilitation Counsel on 09.05.2018. The Corporate Debtor was set ex-parte on 11.06.2019 due to non-appearance and failed to respond to the Demand Notice dated 10.07.2018. The Adjudicating Authority noted that
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Invoice issued by the Operational Creditor to…
Operational Creditor obtained an order under…
The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s. Dharani Exim (the Operational Creditor) for initiating the Corporate Insolvency Resolution Process against M/s. Maruthi Food Processing and Agri Products Export (India) Private Limited (the Corporate Debtor). The Corporate Debtor defaulted in paying ₹10,82,620 to the Operational Creditor.
M/s. Dharani Exim, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Maruthi Food Processing and Agri Products Export (India) Private Limited, the Corporate Debtor. The Corporate Debtor defaulted in paying ₹10,82,620 to the Operational Creditor for the supply of 21MT of Steam Rice, as per an invoice dated 24.01.2017. The Operational Creditor obtained an order under the Micro, Small and Medium Enterprises Development Act, 2006, from the MSE Facilitation Counsel on 09.05.2018. The Corporate Debtor was set ex-parte on 11.06.2019 due to non-appearance and failed to respond to the Demand Notice dated 10.07.2018. The Adjudicating Authority noted that
…Invoice issued by the Operational Creditor to…
Operational Creditor obtained an order under…