The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Opulent Auto Care Private Limited (Operational Creditor) against MPL Automobiles Agency Private Limited (Corporate Debtor). The Operational Creditor claimed a default of Rs. 10,41,149/- as of 13.08.2018. The Corporate Debtor was incorporated on 21.08.2003. The Operational Creditor acted as a channel partner for WAXOYL AG car care products, and the debt arose from services provided to the Corporate Debtor related to exterior care, paint protection, and engine care. The Operational Creditor issued a demand notice under Section 8 of the I&B Code on 16.08.2018.
Opulent Auto Care Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against MPL Automobiles Agency Private Limited (Corporate Debtor) for a default of Rs. 10,41,149/- as of 13.08.2018. The debt comprised Rs. 7,74,917.00 outstanding as of 30.04.2016, and Rs. 2,66,232.00 as interest at 15% till 13.08.2018. The Corporate Debtor was incorporated on 21.08.2003. The Operational Creditor acted as a channel partner for WAXOYL AG car care products, and the debt arose from services provided to the Corporate Debtor related to exterior care, paint protection, and engine care. The Operational Creditor issued a demand notice under Section 8 of the I&B Code on 16.08.2018. The Corporate Debtor did not reply to
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The Operational Creditor issued a demand notice…
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The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Opulent Auto Care Private Limited (Operational Creditor) against MPL Automobiles Agency Private Limited (Corporate Debtor). The Operational Creditor claimed a default of Rs. 10,41,149/- as of 13.08.2018. The Corporate Debtor was incorporated on 21.08.2003. The Operational Creditor acted as a channel partner for WAXOYL AG car care products, and the debt arose from services provided to the Corporate Debtor related to exterior care, paint protection, and engine care. The Operational Creditor issued a demand notice under Section 8 of the I&B Code on 16.08.2018.
Opulent Auto Care Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against MPL Automobiles Agency Private Limited (Corporate Debtor) for a default of Rs. 10,41,149/- as of 13.08.2018. The debt comprised Rs. 7,74,917.00 outstanding as of 30.04.2016, and Rs. 2,66,232.00 as interest at 15% till 13.08.2018. The Corporate Debtor was incorporated on 21.08.2003. The Operational Creditor acted as a channel partner for WAXOYL AG car care products, and the debt arose from services provided to the Corporate Debtor related to exterior care, paint protection, and engine care. The Operational Creditor issued a demand notice under Section 8 of the I&B Code on 16.08.2018. The Corporate Debtor did not reply to
…The Operational Creditor issued a demand notice…
The Corporate Debtor entered appearance through…