Bigbloc Construction Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Nishakunj Buildcon L.L.P., the Corporate Debtor, to initiate the Corporate Insolvency Resolution Process (CIRP). The application was based on the Corporate Debtor's default in paying an operational debt of Rs. 3,39,673/- despite the service of a demand notice. The Corporate Debtor did not appear or contest the claim, leading to an ex-parte hearing.
Bigbloc Construction Limited (Operational Creditor) claimed that Nishakunj Buildcon L.L.P. (Corporate Debtor) defaulted on an operational debt of Rs. 3,39,673/-. Invoices dated 23.06.2018, 24.06.2018, and 02.08.2018 were presented as evidence of the debt. The Corporate Debtor made a part payment, with the last payment received on 02.02.2019. A demand notice was served on 14.06.2019 under Section 8 of the I.B. Code, 2016. The notice of the application was served on the Corporate Debtor by Speed Post in June 2020. Despite receiving the notice, the Corporate Debtor did not appear or contest the claim. The Operational Creditor produced a statement of account showing the amount due. The Corporate Debtor did not pay the debt or reply to the notice, thus not pointing out any
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Operational Creditor sold and supplied goods to…
The Corporate Debtor made a part payment,…
Bigbloc Construction Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Nishakunj Buildcon L.L.P., the Corporate Debtor, to initiate the Corporate Insolvency Resolution Process (CIRP). The application was based on the Corporate Debtor's default in paying an operational debt of Rs. 3,39,673/- despite the service of a demand notice. The Corporate Debtor did not appear or contest the claim, leading to an ex-parte hearing.
Bigbloc Construction Limited (Operational Creditor) claimed that Nishakunj Buildcon L.L.P. (Corporate Debtor) defaulted on an operational debt of Rs. 3,39,673/-. Invoices dated 23.06.2018, 24.06.2018, and 02.08.2018 were presented as evidence of the debt. The Corporate Debtor made a part payment, with the last payment received on 02.02.2019. A demand notice was served on 14.06.2019 under Section 8 of the I.B. Code, 2016. The notice of the application was served on the Corporate Debtor by Speed Post in June 2020. Despite receiving the notice, the Corporate Debtor did not appear or contest the claim. The Operational Creditor produced a statement of account showing the amount due. The Corporate Debtor did not pay the debt or reply to the notice, thus not pointing out any
…Operational Creditor sold and supplied goods to…
The Corporate Debtor made a part payment,…