This case involves a Company Petition filed by Tricon Energy (India) Private Limited (Operational Creditor) against SVK Shipping Services Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor defaulted on a payment for the supply of Petcoke, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP).
Tricon Energy (India) Private Limited (Operational Creditor) filed a Company Petition against SVK Shipping Services Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor and Corporate Debtor entered into a contract on 2017-03-27 for the supply of Petcoke. The Operational Creditor supplied the goods and raised invoices, with a condition of 18% interest p.a. on delayed payments. The debt fell due on 2017-03-31, with a principal amount of ₹21,976,782 and an interest cost of ₹8,096,807, totaling ₹30,686,375. The Operational Creditor issued a demand notice on 2018-10-04. The Corporate Debtor acknowledged the debt via email on 2017-04-13. The Corporate Debtor failed to file a counter despite being granted
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Contract executed between Tricon Energy (India)…
The debt fell due on…
This case involves a Company Petition filed by Tricon Energy (India) Private Limited (Operational Creditor) against SVK Shipping Services Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor defaulted on a payment for the supply of Petcoke, leading to the initiation of the Corporate Insolvency Resolution Process (CIRP).
Tricon Energy (India) Private Limited (Operational Creditor) filed a Company Petition against SVK Shipping Services Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor and Corporate Debtor entered into a contract on 2017-03-27 for the supply of Petcoke. The Operational Creditor supplied the goods and raised invoices, with a condition of 18% interest p.a. on delayed payments. The debt fell due on 2017-03-31, with a principal amount of ₹21,976,782 and an interest cost of ₹8,096,807, totaling ₹30,686,375. The Operational Creditor issued a demand notice on 2018-10-04. The Corporate Debtor acknowledged the debt via email on 2017-04-13. The Corporate Debtor failed to file a counter despite being granted
…Contract executed between Tricon Energy (India)…
The debt fell due on…