The case involves a petition filed by Mr. Kishor Ramniklal Unadkat, the sole proprietor of M/s. Shakti Clearing Agency, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Sanwaria Consumer Limited (formerly known as M/s. Sanwaria Agro Limited), the Corporate Debtor. The Corporate Debtor was incorporated on 22.04.1991. The Operational Creditor claims that the Corporate Debtor approached them in 2009 for services and has outstanding debts.
Mr. Kishor Ramniklal Unadkat, the sole proprietor of M/s. Shakti Clearing Agency (Operational Creditor), filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Sanwaria Consumer Limited (Corporate Debtor). The Corporate Debtor was incorporated on 22.04.1991. The Operational Creditor claims an outstanding debt of Rs. 1,53,31,016.00, including interest. The Corporate Debtor had been availing services from the Operational Creditor since 2009. The Operational Creditor provided clearing and forwarding agent services. The Corporate Debtor stopped making payments after March 2019. The Operational Creditor sent a demand notice on 16.09.2019, which the Corporate Debtor received on
…Sign in to view the parties.
M/s. Sanwaria…
The Operational…
The case involves a petition filed by Mr. Kishor Ramniklal Unadkat, the sole proprietor of M/s. Shakti Clearing Agency, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Sanwaria Consumer Limited (formerly known as M/s. Sanwaria Agro Limited), the Corporate Debtor. The Corporate Debtor was incorporated on 22.04.1991. The Operational Creditor claims that the Corporate Debtor approached them in 2009 for services and has outstanding debts.
Mr. Kishor Ramniklal Unadkat, the sole proprietor of M/s. Shakti Clearing Agency (Operational Creditor), filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. Sanwaria Consumer Limited (Corporate Debtor). The Corporate Debtor was incorporated on 22.04.1991. The Operational Creditor claims an outstanding debt of Rs. 1,53,31,016.00, including interest. The Corporate Debtor had been availing services from the Operational Creditor since 2009. The Operational Creditor provided clearing and forwarding agent services. The Corporate Debtor stopped making payments after March 2019. The Operational Creditor sent a demand notice on 16.09.2019, which the Corporate Debtor received on
…M/s. Sanwaria…
The Operational…