The case involves a Company Petition filed by M/s. Aadit Metal Trade Private Limited (Operational Creditor) against M/s. Royaloak Steels Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor approached them for the supply of various steel products at an agreed price. The Operational Creditor supplied the materials, raising 48 invoices for a total value of ₹5,34,13,303 between 09.02.2019 and 28.02.2019.
M/s. Aadit Metal Trade Private Limited (Operational Creditor) filed a petition against M/s. Royaloak Steels Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor requested the supply of steel products at an agreed price. Between 09.02.2019 and 28.02.2019, the Operational Creditor supplied materials and raised 48 invoices totaling ₹5,34,13,303. The Corporate Debtor made partial payments of ₹1,45,00,000, leaving an outstanding amount of ₹3,89,13,303. The Operational Creditor alleged that the Corporate Debtor avoided payment despite requests and meetings. A notice in Form-3 was issued and received by the Corporate Debtor, who did not respond or dispute the claim. The
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Invoices were…
Invoices were…
The case involves a Company Petition filed by M/s. Aadit Metal Trade Private Limited (Operational Creditor) against M/s. Royaloak Steels Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor approached them for the supply of various steel products at an agreed price. The Operational Creditor supplied the materials, raising 48 invoices for a total value of ₹5,34,13,303 between 09.02.2019 and 28.02.2019.
M/s. Aadit Metal Trade Private Limited (Operational Creditor) filed a petition against M/s. Royaloak Steels Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor requested the supply of steel products at an agreed price. Between 09.02.2019 and 28.02.2019, the Operational Creditor supplied materials and raised 48 invoices totaling ₹5,34,13,303. The Corporate Debtor made partial payments of ₹1,45,00,000, leaving an outstanding amount of ₹3,89,13,303. The Operational Creditor alleged that the Corporate Debtor avoided payment despite requests and meetings. A notice in Form-3 was issued and received by the Corporate Debtor, who did not respond or dispute the claim. The
…Invoices were…
Invoices were…