The case involves an application filed by M/S Associated Enterprises, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Millennium Footwear Private Limited, the corporate debtor. The operational creditor claimed an unpaid operational debt of Rs. 4,72,553/-. The corporate debtor allegedly failed to make payments for goods received from the operational creditor, despite repeated demands and assurances.
M/S Associated Enterprises, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Millennium Footwear Private Limited, the corporate debtor. The operational creditor claimed that the corporate debtor owed Rs. 4,72,553/- including interest. The operational creditor supplied R.C. Lubricating Oil, R.C. Oil, and Rubber Process Oil to the corporate debtor and raised invoices and challans for Rs. 6,26,164/- in 2016-17, which were received and acknowledged by the corporate debtor. The corporate debtor paid Rs. 2,53,308/- against the invoices, leaving an outstanding principal amount of Rs. 3,72,875/-. The last payment was made on 14.07.2017. The operational creditor issued a demand notice dated
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M/S Associated Enterprises raised invoices…
Millennium Footwear Private Limited made the…
The case involves an application filed by M/S Associated Enterprises, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Millennium Footwear Private Limited, the corporate debtor. The operational creditor claimed an unpaid operational debt of Rs. 4,72,553/-. The corporate debtor allegedly failed to make payments for goods received from the operational creditor, despite repeated demands and assurances.
M/S Associated Enterprises, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against Millennium Footwear Private Limited, the corporate debtor. The operational creditor claimed that the corporate debtor owed Rs. 4,72,553/- including interest. The operational creditor supplied R.C. Lubricating Oil, R.C. Oil, and Rubber Process Oil to the corporate debtor and raised invoices and challans for Rs. 6,26,164/- in 2016-17, which were received and acknowledged by the corporate debtor. The corporate debtor paid Rs. 2,53,308/- against the invoices, leaving an outstanding principal amount of Rs. 3,72,875/-. The last payment was made on 14.07.2017. The operational creditor issued a demand notice dated
…M/S Associated Enterprises raised invoices…
Millennium Footwear Private Limited made the…