M/s. M. S. Enterprise, an operational creditor, filed an IB petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against M/s. NPAT Furniture Pvt. Ltd., the corporate debtor. The operational creditor claimed that the corporate debtor had defaulted on payments for goods supplied between October 2016 and November 2017. The operational creditor issued a demand notice under Section 8 of the IBC, but the corporate debtor did not respond. The operational creditor sought admission of the insolvency application, appointment of an interim resolution professional, and declaration of a moratorium.
M/s. M. S. Enterprise, an operational creditor, filed an IB petition against M/s. NPAT Furniture Pvt. Ltd., a corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. M/s. M. S. Enterprise supplied wood coating solutions to M/s. NPAT Furniture Pvt. Ltd. between October 2016 and November 2017. The total amount outstanding for the goods supplied was Rs. 9,34,694/-. M/s. M. S. Enterprise also claimed Rs. 3,02,352/- as interest for delayed payments, bringing the total claim to Rs. 12,38,046/-. The corporate debtor made ad-hoc payments, with the last payment of Rs. 50,000/- made on 02.05.2018. M/s. M. S. Enterprise issued a demand notice under Section 8 of the IBC for Rs. 12,18,801/-, but the corporate debtor did not respond. The corporate debtor did
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M/s. M. S. Enterprise began supplying wood…
M/s. M. S. Enterprise concluded supplying wood…
M/s. M. S. Enterprise, an operational creditor, filed an IB petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against M/s. NPAT Furniture Pvt. Ltd., the corporate debtor. The operational creditor claimed that the corporate debtor had defaulted on payments for goods supplied between October 2016 and November 2017. The operational creditor issued a demand notice under Section 8 of the IBC, but the corporate debtor did not respond. The operational creditor sought admission of the insolvency application, appointment of an interim resolution professional, and declaration of a moratorium.
M/s. M. S. Enterprise, an operational creditor, filed an IB petition against M/s. NPAT Furniture Pvt. Ltd., a corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. M/s. M. S. Enterprise supplied wood coating solutions to M/s. NPAT Furniture Pvt. Ltd. between October 2016 and November 2017. The total amount outstanding for the goods supplied was Rs. 9,34,694/-. M/s. M. S. Enterprise also claimed Rs. 3,02,352/- as interest for delayed payments, bringing the total claim to Rs. 12,38,046/-. The corporate debtor made ad-hoc payments, with the last payment of Rs. 50,000/- made on 02.05.2018. M/s. M. S. Enterprise issued a demand notice under Section 8 of the IBC for Rs. 12,18,801/-, but the corporate debtor did not respond. The corporate debtor did
…M/s. M. S. Enterprise began supplying wood…
M/s. M. S. Enterprise concluded supplying wood…