Grainspan Nutrients Pvt Ltd, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Om Cotgin Pvt Ltd, the corporate debtor, for non-payment of outstanding dues. Grainspan Nutrients, an agro-based food ingredient company, supplied cattle feed to Om Cotgin, a manufacturer of kapasia khal, cotton seed cake papadi, and cattle feed maize cake. Despite receiving and accepting the goods without dispute, Om Cotgin failed to pay the outstanding invoices. After several reminders, Grainspan Nutrients issued a statutory demand notice as required under Section 8 of the I&B Code.
Grainspan Nutrients Pvt Ltd (operational creditor) supplied cattle feed to Om Cotgin Pvt Ltd (corporate debtor). The corporate debtor failed to make payments for invoices dated August 31, 2018, to October 27, 2018, amounting to Rs. 6,60,418. The operational creditor claimed an additional interest of Rs. 65,289, bringing the total outstanding to Rs. 7,25,707. Grainspan Nutrients issued a statutory demand notice on March 27, 2019, after sending several reminders via email. The corporate debtor did not respond to the demand notice or raise any dispute. The operational creditor submitted documents, including affidavits, master data sheets, notices, ledger accounts, and email conversations, as proof of their claim. The corporate debtor remained absent during the proceedings
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Om Cotgin Pvt Ltd…
Grainspan Nutri…
Grainspan Nutrients Pvt Ltd, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Om Cotgin Pvt Ltd, the corporate debtor, for non-payment of outstanding dues. Grainspan Nutrients, an agro-based food ingredient company, supplied cattle feed to Om Cotgin, a manufacturer of kapasia khal, cotton seed cake papadi, and cattle feed maize cake. Despite receiving and accepting the goods without dispute, Om Cotgin failed to pay the outstanding invoices. After several reminders, Grainspan Nutrients issued a statutory demand notice as required under Section 8 of the I&B Code.
Grainspan Nutrients Pvt Ltd (operational creditor) supplied cattle feed to Om Cotgin Pvt Ltd (corporate debtor). The corporate debtor failed to make payments for invoices dated August 31, 2018, to October 27, 2018, amounting to Rs. 6,60,418. The operational creditor claimed an additional interest of Rs. 65,289, bringing the total outstanding to Rs. 7,25,707. Grainspan Nutrients issued a statutory demand notice on March 27, 2019, after sending several reminders via email. The corporate debtor did not respond to the demand notice or raise any dispute. The operational creditor submitted documents, including affidavits, master data sheets, notices, ledger accounts, and email conversations, as proof of their claim. The corporate debtor remained absent during the proceedings
…Om Cotgin Pvt Ltd…
Grainspan Nutri…