Yug International Private Ltd. (the operational creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against Opus Laminates Private Limited (the corporate debtor). The operational creditor claimed that the corporate debtor had defaulted on payments for the supply of chemicals. The total amount claimed to be in default was Rs. 1,16,87,745/-, including interest, with the principal amount being Rs. 99,18,717/-.
Yug International Private Ltd. (operational creditor) filed a petition against Opus Laminates Private Limited (corporate debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed a default of Rs. 1,16,87,745/-, including interest, with a principal amount of Rs. 99,18,717/- for the supply of chemicals. The corporate debtor had been purchasing chemicals from the operational creditor, and transactions occurred until January 2019. The operational creditor maintained a running account and raised invoices for the supplies. The corporate debtor acknowledged the outstanding amount of Rs. 99,18,717/- in a balance confirmation letter dated 01.03.2019, reflecting the accounts as of 28.02.2019. The operational creditor issued a demand
…Sign in to view the parties.
Admitted outstanding…
Corporate debtor admitted and acknowledged…
Yug International Private Ltd. (the operational creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, against Opus Laminates Private Limited (the corporate debtor). The operational creditor claimed that the corporate debtor had defaulted on payments for the supply of chemicals. The total amount claimed to be in default was Rs. 1,16,87,745/-, including interest, with the principal amount being Rs. 99,18,717/-.
Yug International Private Ltd. (operational creditor) filed a petition against Opus Laminates Private Limited (corporate debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed a default of Rs. 1,16,87,745/-, including interest, with a principal amount of Rs. 99,18,717/- for the supply of chemicals. The corporate debtor had been purchasing chemicals from the operational creditor, and transactions occurred until January 2019. The operational creditor maintained a running account and raised invoices for the supplies. The corporate debtor acknowledged the outstanding amount of Rs. 99,18,717/- in a balance confirmation letter dated 01.03.2019, reflecting the accounts as of 28.02.2019. The operational creditor issued a demand
…Admitted outstanding…
Corporate debtor admitted and acknowledged…