The case pertains to an application filed 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, by M/s. IJM Concrete Products Private Limited (Operational Creditor) against M/s. P Dot G Constructions Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an outstanding debt of Rs. 42,46,563/- along with interest at 24% as of 31.08.2017, which the Corporate Debtor failed to pay. A Tripartite Agreement dated 23.09.2015 was entered into among the Operational Creditor, the Corporate Debtor, and a third party, M/s. Amman Blue Metals. The Corporate Debtor raised objections regarding the
…M/s. IJM Concrete Products Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. P Dot G Constructions Private Limited (Corporate Debtor) for an outstanding debt of Rs. 42,46,563/- along with 24% interest as of 31.08.2017. A Tripartite Agreement dated 23.09.2015 existed between the Operational Creditor, Corporate Debtor, and M/s. Amman Blue Metals. The Corporate Debtor owed Rs. 75,92,928/- to the Operational Creditor, out of which Rs. 33,46,364/- was to be paid to M/s. Amman Blue Metals. The Operational Creditor sent a demand notice dated 24.10.2017 under Section 8 of the I&B Code, 2016. The Corporate Debtor claimed the demand notice was not properly served and disputed the penal
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A Tripartite Agreement was entered into among…
The Operational Creditor claimed an…
The case pertains to an application filed 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, by M/s. IJM Concrete Products Private Limited (Operational Creditor) against M/s. P Dot G Constructions Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an outstanding debt of Rs. 42,46,563/- along with interest at 24% as of 31.08.2017, which the Corporate Debtor failed to pay. A Tripartite Agreement dated 23.09.2015 was entered into among the Operational Creditor, the Corporate Debtor, and a third party, M/s. Amman Blue Metals. The Corporate Debtor raised objections regarding the
…M/s. IJM Concrete Products Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. P Dot G Constructions Private Limited (Corporate Debtor) for an outstanding debt of Rs. 42,46,563/- along with 24% interest as of 31.08.2017. A Tripartite Agreement dated 23.09.2015 existed between the Operational Creditor, Corporate Debtor, and M/s. Amman Blue Metals. The Corporate Debtor owed Rs. 75,92,928/- to the Operational Creditor, out of which Rs. 33,46,364/- was to be paid to M/s. Amman Blue Metals. The Operational Creditor sent a demand notice dated 24.10.2017 under Section 8 of the I&B Code, 2016. The Corporate Debtor claimed the demand notice was not properly served and disputed the penal
…A Tripartite Agreement was entered into among…
The Operational Creditor claimed an…