Akzo Nobel Industrial Chemicals BV, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Oren Hydrocarbons Private Limited, the Corporate Debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a sum of USD 6,68,805 (₹4,68,16,350) as operational debt, including interest, based on unpaid invoices for goods supplied between November 2017 and December 2018. The Corporate Debtor failed to make payments despite the Operational Creditor's repeated attempts and a demand notice served under Section 8 of the IBC, 2016.
Akzo Nobel Industrial Chemicals BV (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Oren Hydrocarbons Private Limited (Corporate Debtor). The Operational Creditor claimed USD 6,68,805 (₹4,68,16,350) as operational debt, including interest, for goods supplied between November 2017 and December 2018. The Corporate Debtor failed to pay despite repeated emails and a demand notice served on 04.12.2018. The Operational Creditor also filed an affidavit under Section 9(3)(b) of IBC, 2016, stating that there was no notice of dispute. The Corporate Debtor sought time for settlement negotiations, implying an admission of liability. The application was filed on 11.07.2019. The Corporate Debtor's registered office is
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Operational Creditor supplied goods to…
Operational Creditor served a demand notice to…
Akzo Nobel Industrial Chemicals BV, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Oren Hydrocarbons Private Limited, the Corporate Debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a sum of USD 6,68,805 (₹4,68,16,350) as operational debt, including interest, based on unpaid invoices for goods supplied between November 2017 and December 2018. The Corporate Debtor failed to make payments despite the Operational Creditor's repeated attempts and a demand notice served under Section 8 of the IBC, 2016.
Akzo Nobel Industrial Chemicals BV (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Oren Hydrocarbons Private Limited (Corporate Debtor). The Operational Creditor claimed USD 6,68,805 (₹4,68,16,350) as operational debt, including interest, for goods supplied between November 2017 and December 2018. The Corporate Debtor failed to pay despite repeated emails and a demand notice served on 04.12.2018. The Operational Creditor also filed an affidavit under Section 9(3)(b) of IBC, 2016, stating that there was no notice of dispute. The Corporate Debtor sought time for settlement negotiations, implying an admission of liability. The application was filed on 11.07.2019. The Corporate Debtor's registered office is
…Operational Creditor supplied goods to…
Operational Creditor served a demand notice to…