The case involves an application under Section 8 and 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. M/S. Pohoja Print Solutions Private Limited, the operational creditor, filed the application against M/S. Nova Steels (India) Limited, the corporate debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed that the corporate debtor defaulted on payments for printing of an Annual Report.
M/S. Pohoja Print Solutions Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/S. Nova Steels (India) Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that they entered into an agreement with the Corporate Debtor for printing of an Annual Report. A bill was raised on 2014-12-28 for Rs. 8,86,368/-. The Operational Creditor issued demand notices on 2014-12-28 and 2015-03-03, with a payment demand notice dated 2015-04-10. The Corporate Debtor admitted the liability but stated inability to settle the bill. The Operational Creditor issued a legal notice under Section 433 of the Companies Act, 1956 dated 2015-07-16, and
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Bill raised by the Operational Creditor for…
Operational Creditor…
The case involves an application under Section 8 and 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. M/S. Pohoja Print Solutions Private Limited, the operational creditor, filed the application against M/S. Nova Steels (India) Limited, the corporate debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed that the corporate debtor defaulted on payments for printing of an Annual Report.
M/S. Pohoja Print Solutions Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/S. Nova Steels (India) Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that they entered into an agreement with the Corporate Debtor for printing of an Annual Report. A bill was raised on 2014-12-28 for Rs. 8,86,368/-. The Operational Creditor issued demand notices on 2014-12-28 and 2015-03-03, with a payment demand notice dated 2015-04-10. The Corporate Debtor admitted the liability but stated inability to settle the bill. The Operational Creditor issued a legal notice under Section 433 of the Companies Act, 1956 dated 2015-07-16, and
…Bill raised by the Operational Creditor for…
Operational Creditor…