The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) by M/s Techmate Industries, the Operational Creditor (OC), against Retail Kart Solution Pvt. Ltd., the Corporate Debtor (CD), for a default of Rs. 3,69,358. The OC supplied kitchen, bakery, and refrigeration equipment/appliances to the CD, who operates under the brand "Bachat Bazar". The OC issued quotations in August and September 2017, and the CD placed an order. The OC supplied goods against Invoice No. TM/17-18/0066 dated 17.10.2017 for Rs. 13,69,358, which was duly received by the CD.
M/s Techmate Industries, the Operational Creditor (OC), filed an application under Section 9 of the IBC against Retail Kart Solution Pvt. Ltd., the Corporate Debtor (CD), due to a default of Rs. 3,69,358. The OC supplied kitchen, bakery, and refrigeration equipment to the CD, who operates under the brand "Bachat Bazar". In August 2017, the CD contacted the OC for the supply of equipment. The OC issued quotations, and the CD placed an order. The OC supplied goods against Invoice No. TM/17-18/0066 dated 17.10.2017 for Rs. 13,69,358, which the CD received. The CD failed to pay the outstanding amount. The OC issued a demand notice, but the CD did not respond or raise any dispute. The OC filed an affidavit of service under Section 9(3)(b) of the IBC and obtained
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The Corporate Debtor contacted and visited the…
The Operational Creditor issued its quotation…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) by M/s Techmate Industries, the Operational Creditor (OC), against Retail Kart Solution Pvt. Ltd., the Corporate Debtor (CD), for a default of Rs. 3,69,358. The OC supplied kitchen, bakery, and refrigeration equipment/appliances to the CD, who operates under the brand "Bachat Bazar". The OC issued quotations in August and September 2017, and the CD placed an order. The OC supplied goods against Invoice No. TM/17-18/0066 dated 17.10.2017 for Rs. 13,69,358, which was duly received by the CD.
M/s Techmate Industries, the Operational Creditor (OC), filed an application under Section 9 of the IBC against Retail Kart Solution Pvt. Ltd., the Corporate Debtor (CD), due to a default of Rs. 3,69,358. The OC supplied kitchen, bakery, and refrigeration equipment to the CD, who operates under the brand "Bachat Bazar". In August 2017, the CD contacted the OC for the supply of equipment. The OC issued quotations, and the CD placed an order. The OC supplied goods against Invoice No. TM/17-18/0066 dated 17.10.2017 for Rs. 13,69,358, which the CD received. The CD failed to pay the outstanding amount. The OC issued a demand notice, but the CD did not respond or raise any dispute. The OC filed an affidavit of service under Section 9(3)(b) of the IBC and obtained
…The Corporate Debtor contacted and visited the…
The Operational Creditor issued its quotation…