M/s. Calcutta Trading Centre, the Operational Creditor, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against M/s. Otto Projects Private Limited, the Corporate Debtor, to initiate the Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor allegedly defaulted in paying an operational debt of Rs. 4,80,680/-. The Operational Creditor claimed that between 2013 and 2017, they sold and supplied goods worth Rs. 12,40,725/- to the Corporate Debtor, out of which the Corporate Debtor paid Rs. 9,61,500/-, leaving a balance of Rs. 2,79,225/- plus interest. A demand notice under Section 8 of the I&B Code was served on 2018-03-10, but the Corporate Debtor neither replied nor made the payment. The Corporate Debtor did not appear
…M/s. Calcutta Trading Centre (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against M/s. Otto Projects Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on an operational debt of Rs. 4,80,680/-. Between 2013 and 2017, the Operational Creditor sold and supplied goods worth Rs. 12,40,725/- to the Corporate Debtor. The Corporate Debtor paid Rs. 9,61,500/-, leaving a balance of Rs. 2,79,225/- plus interest. A demand notice under Section 8 of the I&B Code was served on 2018-03-10, but the Corporate Debtor did not reply or make payment. The Corporate Debtor did not appear in the CIRP proceedings. The Operational Creditor did not suggest a name for the IRP.
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Between 2013 and 2017, M/s. Calcutta Trading…
Between 2013 and 2017, M/s. Calcutta Trading…
M/s. Calcutta Trading Centre, the Operational Creditor, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against M/s. Otto Projects Private Limited, the Corporate Debtor, to initiate the Corporate Insolvency Resolution Process (CIRP). The Corporate Debtor allegedly defaulted in paying an operational debt of Rs. 4,80,680/-. The Operational Creditor claimed that between 2013 and 2017, they sold and supplied goods worth Rs. 12,40,725/- to the Corporate Debtor, out of which the Corporate Debtor paid Rs. 9,61,500/-, leaving a balance of Rs. 2,79,225/- plus interest. A demand notice under Section 8 of the I&B Code was served on 2018-03-10, but the Corporate Debtor neither replied nor made the payment. The Corporate Debtor did not appear
…M/s. Calcutta Trading Centre (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against M/s. Otto Projects Private Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on an operational debt of Rs. 4,80,680/-. Between 2013 and 2017, the Operational Creditor sold and supplied goods worth Rs. 12,40,725/- to the Corporate Debtor. The Corporate Debtor paid Rs. 9,61,500/-, leaving a balance of Rs. 2,79,225/- plus interest. A demand notice under Section 8 of the I&B Code was served on 2018-03-10, but the Corporate Debtor did not reply or make payment. The Corporate Debtor did not appear in the CIRP proceedings. The Operational Creditor did not suggest a name for the IRP.
…Between 2013 and 2017, M/s. Calcutta Trading…
Between 2013 and 2017, M/s. Calcutta Trading…