The case involves an application filed by Prism Johnson Limited [RMC (INDIA) Division], the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against RNM Infra Private Ltd, the Corporate Debtor, due to a default in paying an operational debt of Rs. 20,62,726/- (including interest). The Operational Creditor claims to have supplied materials to the Corporate Debtor, for which payment was not made.
Prism Johnson Limited [RMC (INDIA) Division], the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against RNM Infra Private Ltd, the Corporate Debtor. The application was based on the Corporate Debtor's default in paying an operational debt of Rs. 20,62,726/- (including interest). The Operational Creditor had supplied materials to the Corporate Debtor as per a purchase order dated 2018-04-28, with invoices produced on record at page 150. The last payment made by the Corporate Debtor was on 2018-07-06. The Corporate Debtor also executed a balance confirmation letter of the debt, produced at page 121. A notice under Section 8 of IBC was sent to the Corporate
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Date of the purchase order for materials…
Date of the last…
The case involves an application filed by Prism Johnson Limited [RMC (INDIA) Division], the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against RNM Infra Private Ltd, the Corporate Debtor, due to a default in paying an operational debt of Rs. 20,62,726/- (including interest). The Operational Creditor claims to have supplied materials to the Corporate Debtor, for which payment was not made.
Prism Johnson Limited [RMC (INDIA) Division], the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against RNM Infra Private Ltd, the Corporate Debtor. The application was based on the Corporate Debtor's default in paying an operational debt of Rs. 20,62,726/- (including interest). The Operational Creditor had supplied materials to the Corporate Debtor as per a purchase order dated 2018-04-28, with invoices produced on record at page 150. The last payment made by the Corporate Debtor was on 2018-07-06. The Corporate Debtor also executed a balance confirmation letter of the debt, produced at page 121. A notice under Section 8 of IBC was sent to the Corporate
…Date of the purchase order for materials…
Date of the last…