M/s. 20 Microns Limited filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s. Premium Polyalloys Private Limited, for a default amount of Rs. 22,95,203/-. The Operational Creditor claimed to have supplied goods and materials to the Corporate Debtor, raising invoices in August 2013. A legal notice was issued on 21.11.2018, demanding payment, which the Corporate Debtor refuted, claiming the amount had already been paid in May 2014.
M/s. 20 Microns Limited (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Premium Polyalloys Private Limited (Corporate Debtor). The alleged default amount was Rs. 22,95,203/-, inclusive of interest at 24% per annum. The Operational Creditor supplied goods like calcium carbonate to the Corporate Debtor and raised invoices in August 2013. Specifically, invoices numbered 1567853227, 1567853228, 1567853236, and 1567853235 were dated 24.08.2013, 25.08.2013, and 27.08.2013 respectively. A legal notice dated 21.11.2018 was issued by the Operational Creditor to the Corporate Debtor demanding payment, threatening criminal proceedings upon
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Operational Creditor…
Operational Creditor…
M/s. 20 Microns Limited filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s. Premium Polyalloys Private Limited, for a default amount of Rs. 22,95,203/-. The Operational Creditor claimed to have supplied goods and materials to the Corporate Debtor, raising invoices in August 2013. A legal notice was issued on 21.11.2018, demanding payment, which the Corporate Debtor refuted, claiming the amount had already been paid in May 2014.
M/s. 20 Microns Limited (Operational Creditor) filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Premium Polyalloys Private Limited (Corporate Debtor). The alleged default amount was Rs. 22,95,203/-, inclusive of interest at 24% per annum. The Operational Creditor supplied goods like calcium carbonate to the Corporate Debtor and raised invoices in August 2013. Specifically, invoices numbered 1567853227, 1567853228, 1567853236, and 1567853235 were dated 24.08.2013, 25.08.2013, and 27.08.2013 respectively. A legal notice dated 21.11.2018 was issued by the Operational Creditor to the Corporate Debtor demanding payment, threatening criminal proceedings upon
…Operational Creditor…
Operational Creditor…