The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Mr. Shashikant Thakar, an Operational Creditor, against Rainbow Industrial Park Pvt. Ltd., the Corporate Debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP). The operational debt claimed is Rs. 1,30,000/- for consultancy services provided by the Operational Creditor to the Corporate Debtor during the accounting year 2018-19. The Operational Creditor raised an invoice dated 02.01.2019, but the Corporate Debtor failed to clear the outstanding debts despite repeated reminders.
Mr. Shashikant Thakar, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Rainbow Industrial Park Pvt. Ltd., the Corporate Debtor, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The operational debt claimed is Rs. 1,30,000/- for consultancy services, including GST, tax, secretarial, and legal consultancy, provided by the Operational Creditor to the Corporate Debtor for the accounting year 2018-19. The Operational Creditor raised an invoice dated 02.01.2019. Despite repeated reminders, the Corporate Debtor failed to clear the outstanding debts. The Corporate Debtor did not file any reply to the application despite multiple opportunities and remained absent during the final
…Sign in to view the parties.
Accounting year for…
Date on which the…
The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Mr. Shashikant Thakar, an Operational Creditor, against Rainbow Industrial Park Pvt. Ltd., the Corporate Debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP). The operational debt claimed is Rs. 1,30,000/- for consultancy services provided by the Operational Creditor to the Corporate Debtor during the accounting year 2018-19. The Operational Creditor raised an invoice dated 02.01.2019, but the Corporate Debtor failed to clear the outstanding debts despite repeated reminders.
Mr. Shashikant Thakar, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against Rainbow Industrial Park Pvt. Ltd., the Corporate Debtor, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The operational debt claimed is Rs. 1,30,000/- for consultancy services, including GST, tax, secretarial, and legal consultancy, provided by the Operational Creditor to the Corporate Debtor for the accounting year 2018-19. The Operational Creditor raised an invoice dated 02.01.2019. Despite repeated reminders, the Corporate Debtor failed to clear the outstanding debts. The Corporate Debtor did not file any reply to the application despite multiple opportunities and remained absent during the final
…Accounting year for…
Date on which the…