The case involves a petition filed by M/s Aryan Traders, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s R.B Rice Mills Private Limited, the corporate debtor. The operational creditor claims that the corporate debtor defaulted on payments for goods/raw materials (paddy, grains, etc.) supplied, amounting to Rs. 39,17,188/-. The operational creditor has submitted various documents, including a demand notice, invoices, bank statements, and an affidavit, to support their claim. The corporate debtor did not file a reply to the petition and raised no objection during the argument, accepting the outstanding debt.
M/s Aryan Traders, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s R.B Rice Mills Private Limited, a corporate debtor. The operational creditor claimed that the corporate debtor defaulted on payments for goods/raw materials (paddy, grains, etc.) supplied, amounting to Rs. 39,17,188/-. Shri Nirmal Kumar Gupta, Proprietor of M/s Aryan Traders, was authorized to apply on behalf of the Operational Creditor. The operational creditor submitted a demand notice dated 22.02.2018 along with invoices, which were received by the corporate debtor. The corporate debtor did not issue any notice of dispute or file a reply to the petition. The corporate debtor's
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Demand Notice issued by…
Authorization letter dated 20.02.2018 to…
The case involves a petition filed by M/s Aryan Traders, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s R.B Rice Mills Private Limited, the corporate debtor. The operational creditor claims that the corporate debtor defaulted on payments for goods/raw materials (paddy, grains, etc.) supplied, amounting to Rs. 39,17,188/-. The operational creditor has submitted various documents, including a demand notice, invoices, bank statements, and an affidavit, to support their claim. The corporate debtor did not file a reply to the petition and raised no objection during the argument, accepting the outstanding debt.
M/s Aryan Traders, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s R.B Rice Mills Private Limited, a corporate debtor. The operational creditor claimed that the corporate debtor defaulted on payments for goods/raw materials (paddy, grains, etc.) supplied, amounting to Rs. 39,17,188/-. Shri Nirmal Kumar Gupta, Proprietor of M/s Aryan Traders, was authorized to apply on behalf of the Operational Creditor. The operational creditor submitted a demand notice dated 22.02.2018 along with invoices, which were received by the corporate debtor. The corporate debtor did not issue any notice of dispute or file a reply to the petition. The corporate debtor's
…Demand Notice issued by…
Authorization letter dated 20.02.2018 to…