Avantor Performance Materials India Limited, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Rohan Consortium Private Limited, the Corporate Debtor, due to unpaid invoices. The Operational Creditor claimed a total outstanding amount of Rs. 1,02,17,178.39/- as of 15.10.2018, including principal and interest. The Corporate Debtor acknowledged a business relationship but cited disputes regarding non-delivery of goods, faulty products, and other issues as reasons for non-payment. The Operational Creditor issued a demand notice on 23.11.2018, but the Corporate Debtor did not reply. The Corporate Debtor made some payments after the demand
…Avantor Performance Materials India Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) against Rohan Consortium Private Limited (Corporate Debtor) to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed Rs. 81,91,452.56/- as principal amount and Rs. 20,25,725.83/- as interest at 21% per annum till 30.09.2019, totaling Rs. 1,02,17,178.39/- outstanding as of 15.10.2018, for 29 unpaid invoices. The invoices were for the supply of laboratory instruments and reagents. The Corporate Debtor issued several cheques that were dishonored due to insufficient funds. The Operational Creditor initiated proceedings under Section 138 of the Negotiable Instruments Act, 1881. A demand
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The date of de…
The Operational…
Avantor Performance Materials India Limited, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Rohan Consortium Private Limited, the Corporate Debtor, due to unpaid invoices. The Operational Creditor claimed a total outstanding amount of Rs. 1,02,17,178.39/- as of 15.10.2018, including principal and interest. The Corporate Debtor acknowledged a business relationship but cited disputes regarding non-delivery of goods, faulty products, and other issues as reasons for non-payment. The Operational Creditor issued a demand notice on 23.11.2018, but the Corporate Debtor did not reply. The Corporate Debtor made some payments after the demand
…Avantor Performance Materials India Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) against Rohan Consortium Private Limited (Corporate Debtor) to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed Rs. 81,91,452.56/- as principal amount and Rs. 20,25,725.83/- as interest at 21% per annum till 30.09.2019, totaling Rs. 1,02,17,178.39/- outstanding as of 15.10.2018, for 29 unpaid invoices. The invoices were for the supply of laboratory instruments and reagents. The Corporate Debtor issued several cheques that were dishonored due to insufficient funds. The Operational Creditor initiated proceedings under Section 138 of the Negotiable Instruments Act, 1881. A demand
…The date of de…
The Operational…