M/s. Mewar Technocast Private Limited (CP (IB) No. 387/NCLT/AHM/2019) and M/s. Mewar Hi-Tech Engineering Limited (CP (IB) No. 388/NCLT/AHM/2019) filed petitions under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate corporate insolvency resolution process against R.K. Manufacturing Co. Ltd. The claims relate to the refund of advance money paid for the purchase and supply of machinery. Mewar Technocast Private Limited placed an order on 03.10.2016 and Mewar Hi-Tech Engineering Limited placed an order on 04.10.2016, both with R.K. Manufacturing Co. Ltd. for the supply of 'Vertical Turning Lathe 3 Mtr.' and made advance payments. The machinery was to be delivered within one month from the date of advance payment, with the balance payment due upon
…M/s. Mewar Technocast Private Limited (CP (IB) No. 387/NCLT/AHM/2019) placed order No. P00911 dated 03.10.2016 with R.K. Manufacturing Co. Ltd. for the purchase and supply of 'Vertical Turning Lathe 3 Mtr.' and made an advance payment of Rs. 25,00,000/- (50% of the total payment). M/s. Mewar Hi-Tech Engineering Limited (CP (IB) No. 388/NCLT/AHM/2019) placed order No. P07531 dated 04.10.2016 with R.K. Manufacturing Co. Ltd. for the purchase and supply of 'Vertical Turning Lathe 3 Mtr.' and made an advance payment of Rs. 26,00,000/- (50% of the total payment). The purchase orders stipulated that the machinery should be delivered within one month from the date of advance payment, with the balance 50% payment to be made upon delivery. R.K. Manufacturing Co. Ltd. failed to
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M/s. Mewar Technocast Private Limited (CP (IB) No. 387/NCLT/AHM/2019) and M/s. Mewar Hi-Tech Engineering Limited (CP (IB) No. 388/NCLT/AHM/2019) filed petitions under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate corporate insolvency resolution process against R.K. Manufacturing Co. Ltd. The claims relate to the refund of advance money paid for the purchase and supply of machinery. Mewar Technocast Private Limited placed an order on 03.10.2016 and Mewar Hi-Tech Engineering Limited placed an order on 04.10.2016, both with R.K. Manufacturing Co. Ltd. for the supply of 'Vertical Turning Lathe 3 Mtr.' and made advance payments. The machinery was to be delivered within one month from the date of advance payment, with the balance payment due upon
…M/s. Mewar Technocast Private Limited (CP (IB) No. 387/NCLT/AHM/2019) placed order No. P00911 dated 03.10.2016 with R.K. Manufacturing Co. Ltd. for the purchase and supply of 'Vertical Turning Lathe 3 Mtr.' and made an advance payment of Rs. 25,00,000/- (50% of the total payment). M/s. Mewar Hi-Tech Engineering Limited (CP (IB) No. 388/NCLT/AHM/2019) placed order No. P07531 dated 04.10.2016 with R.K. Manufacturing Co. Ltd. for the purchase and supply of 'Vertical Turning Lathe 3 Mtr.' and made an advance payment of Rs. 26,00,000/- (50% of the total payment). The purchase orders stipulated that the machinery should be delivered within one month from the date of advance payment, with the balance 50% payment to be made upon delivery. R.K. Manufacturing Co. Ltd. failed to
…Mewar Technocast Private…
Mewar Hi-Tech…