The case pertains to a Company Petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 by J.J. Plastalloy Private Limited (Operational Creditor) against Pasupati Flexipack Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor failed to make payment of a sum of ₹2,82,244.00 as principal and ₹28,771.00 as interest.
J.J. Plastalloy Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Pasupati Flexipack Private Limited (Corporate Debtor) to initiate CIRP. The Corporate Debtor is a private company incorporated on 31.05.2016. The Operational Creditor supplied White Master Batch and Additive Master Batch to the Corporate Debtor under eight invoices based on purchase orders received by email. The total amount due was ₹3,89,329.00. The Corporate Debtor made payments totaling ₹1,07,085.00, leaving a balance of ₹2,82,244.00 as principal. The Operational Creditor also claimed interest of ₹28,771.00. A demand notice was served on the Corporate Debtor on 19.04.2019, which was duly delivered on 20.05.2019. The Corporate
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Pasupati Flexipack…
Invoice DG-414 for…
The case pertains to a Company Petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 by J.J. Plastalloy Private Limited (Operational Creditor) against Pasupati Flexipack Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor failed to make payment of a sum of ₹2,82,244.00 as principal and ₹28,771.00 as interest.
J.J. Plastalloy Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Pasupati Flexipack Private Limited (Corporate Debtor) to initiate CIRP. The Corporate Debtor is a private company incorporated on 31.05.2016. The Operational Creditor supplied White Master Batch and Additive Master Batch to the Corporate Debtor under eight invoices based on purchase orders received by email. The total amount due was ₹3,89,329.00. The Corporate Debtor made payments totaling ₹1,07,085.00, leaving a balance of ₹2,82,244.00 as principal. The Operational Creditor also claimed interest of ₹28,771.00. A demand notice was served on the Corporate Debtor on 19.04.2019, which was duly delivered on 20.05.2019. The Corporate
…Pasupati Flexipack…
Invoice DG-414 for…