The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Nirmal K. Dhiren, Sole Proprietor of NKV Home Depot (Operational Creditor), against Rajkham Infra Private Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default in payment of outstanding invoices for goods supplied to the Corporate Debtor. The Corporate Debtor contested the application, citing discrepancies in the invoices and the quality of goods supplied.
Nirmal K. Dhiren, operating as NKV Home Depot, supplied goods to Rajkham Infra Private Limited. NKV Home Depot, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming that Rajkham Infra Private Limited, the Corporate Debtor, defaulted on payments for supplied goods. The total claim amounted to Rs. 5,42,685.74/-, including a principal sum of Rs. 4,46,949 and interest of Rs. 95,736.74. The Operational Creditor issued a demand notice dated 2019-03-26 under Section 8 of the IBC, 2016. The Corporate Debtor made a partial payment of Rs. 10,000/- after the petition was filed and expressed willingness to pay the remaining amount in a deferred manner. The Corporate Debtor argued that the application was not
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Rajkham Infra Private…
Invoice No: 55…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Nirmal K. Dhiren, Sole Proprietor of NKV Home Depot (Operational Creditor), against Rajkham Infra Private Limited (Corporate Debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default in payment of outstanding invoices for goods supplied to the Corporate Debtor. The Corporate Debtor contested the application, citing discrepancies in the invoices and the quality of goods supplied.
Nirmal K. Dhiren, operating as NKV Home Depot, supplied goods to Rajkham Infra Private Limited. NKV Home Depot, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming that Rajkham Infra Private Limited, the Corporate Debtor, defaulted on payments for supplied goods. The total claim amounted to Rs. 5,42,685.74/-, including a principal sum of Rs. 4,46,949 and interest of Rs. 95,736.74. The Operational Creditor issued a demand notice dated 2019-03-26 under Section 8 of the IBC, 2016. The Corporate Debtor made a partial payment of Rs. 10,000/- after the petition was filed and expressed willingness to pay the remaining amount in a deferred manner. The Corporate Debtor argued that the application was not
…Rajkham Infra Private…
Invoice No: 55…