Shreeji Steel Tubes filed a petition to initiate the Corporate Insolvency Resolution Process (CIRP) against Safri Tradelink Private Limited, alleging a default on 12.12.2018 in payment of Rs. 3,60,450/-, including interest. The petitioner supplied MS pipes to the corporate debtor based on orders dated 15.06.2018 and raised an invoice for Rs. 4,13,548/-. A cheque issued by the corporate debtor was dishonored. Despite a demand notice, no payment was made, and no notice of dispute was given by the corporate debtor.
Shreeji Steel Tubes (Petitioner) filed a petition against Safri Tradelink Private Limited (Corporate Debtor) to initiate CIRP due to a default in payment. On 15.06.2018, the Petitioner supplied MS pipes to the Corporate Debtor and raised an invoice for Rs. 4,13,548/-. On 11.09.2018, the Corporate Debtor issued a cheque for Rs. 4,13,548/-, which was dishonored due to 'Funds Insufficient'. On 14.11.2018, the Corporate Debtor acknowledged the outstanding balance of Rs. 4,13,548/- and promised payment by 31.12.2018. Part payments of Rs. 50,000/- and Rs. 1,00,000/- were made on 01.12.2018 and 11.12.2018, respectively. On 22.12.2018, the Petitioner issued a demand notice for Rs. 3,60,450/- including interest @30% p.a. No reply was received from the Corporate Debtor, and no
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The Petitioner supplied and delivered MS pipes…
The Corporate Debtor issued a cheque…
Shreeji Steel Tubes filed a petition to initiate the Corporate Insolvency Resolution Process (CIRP) against Safri Tradelink Private Limited, alleging a default on 12.12.2018 in payment of Rs. 3,60,450/-, including interest. The petitioner supplied MS pipes to the corporate debtor based on orders dated 15.06.2018 and raised an invoice for Rs. 4,13,548/-. A cheque issued by the corporate debtor was dishonored. Despite a demand notice, no payment was made, and no notice of dispute was given by the corporate debtor.
Shreeji Steel Tubes (Petitioner) filed a petition against Safri Tradelink Private Limited (Corporate Debtor) to initiate CIRP due to a default in payment. On 15.06.2018, the Petitioner supplied MS pipes to the Corporate Debtor and raised an invoice for Rs. 4,13,548/-. On 11.09.2018, the Corporate Debtor issued a cheque for Rs. 4,13,548/-, which was dishonored due to 'Funds Insufficient'. On 14.11.2018, the Corporate Debtor acknowledged the outstanding balance of Rs. 4,13,548/- and promised payment by 31.12.2018. Part payments of Rs. 50,000/- and Rs. 1,00,000/- were made on 01.12.2018 and 11.12.2018, respectively. On 22.12.2018, the Petitioner issued a demand notice for Rs. 3,60,450/- including interest @30% p.a. No reply was received from the Corporate Debtor, and no
…The Petitioner supplied and delivered MS pipes…
The Corporate Debtor issued a cheque…