Superior Fire & Security Services Private Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Sarda Mines Private Limited, the Corporate Debtor, for initiating the corporate insolvency resolution process due to non-payment of dues amounting to Rs. 6,77,72,859/- along with interest at 18% per annum. The Operational Creditor provided security services to the Corporate Debtor, and despite repeated reminders, the Corporate Debtor failed to make payments.
Superior Fire & Security Services Private Limited (Operational Creditor) provided security services to Sarda Mines Private Limited (Corporate Debtor). The Corporate Debtor failed to pay outstanding dues of Rs. 6,77,72,859/- along with interest at 18% per annum. The Operational Creditor raised invoices for the services provided, but the Corporate Debtor did not make the payments despite repeated reminders. The default commenced on 30.09.2015. The Operational Creditor issued a Demand Notice on 20.01.2018, which was received by the Corporate Debtor on 29.01.2018, but no reply was given. The Corporate Debtor admitted the debt and did not contest the claim. The Operational Creditor filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to
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Default commenced on…
The Operational Creditor issued a Demand…
Superior Fire & Security Services Private Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Sarda Mines Private Limited, the Corporate Debtor, for initiating the corporate insolvency resolution process due to non-payment of dues amounting to Rs. 6,77,72,859/- along with interest at 18% per annum. The Operational Creditor provided security services to the Corporate Debtor, and despite repeated reminders, the Corporate Debtor failed to make payments.
Superior Fire & Security Services Private Limited (Operational Creditor) provided security services to Sarda Mines Private Limited (Corporate Debtor). The Corporate Debtor failed to pay outstanding dues of Rs. 6,77,72,859/- along with interest at 18% per annum. The Operational Creditor raised invoices for the services provided, but the Corporate Debtor did not make the payments despite repeated reminders. The default commenced on 30.09.2015. The Operational Creditor issued a Demand Notice on 20.01.2018, which was received by the Corporate Debtor on 29.01.2018, but no reply was given. The Corporate Debtor admitted the debt and did not contest the claim. The Operational Creditor filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to
…Default commenced on…
The Operational Creditor issued a Demand…