The case involves an application filed by D. Chhaganlal & Co., an operational creditor, against Say India Jewellers Pvt Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The operational creditor had initially filed a winding-up petition against the corporate debtor in the High Court of Bombay, which was later transferred to the National Company Law Tribunal (NCLT) for adjudication under the IBC. The operational creditor claimed that the corporate debtor defaulted in making the repayment of Rs. 67,39,287/- along with interest at 18% per annum, which was due on 17.06.2015.
D. Chhaganlal & Co., an operational creditor, filed an application against Say India Jewellers Pvt Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The operational creditor had previously filed a winding-up petition in the High Court of Bombay, which was transferred to the NCLT. The corporate debtor defaulted on a payment of Rs. 67,39,287/- along with 18% interest, due on 17.06.2015. The debt arose from the purchase of diamonds between 08.06.2012 and 19.12.2012. The operational creditor issued a winding-up notice on 17.06.2015. The operational creditor filed Form 5 on 10-04-2017, stating the default. A bank certificate dated 14.06.2017, issued by Bank of Baroda, confirmed the default. The corporate debtor failed to
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Invoices for diamonds purchased by the…
Invoices for diamonds purchased by the…
The case involves an application filed by D. Chhaganlal & Co., an operational creditor, against Say India Jewellers Pvt Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The operational creditor had initially filed a winding-up petition against the corporate debtor in the High Court of Bombay, which was later transferred to the National Company Law Tribunal (NCLT) for adjudication under the IBC. The operational creditor claimed that the corporate debtor defaulted in making the repayment of Rs. 67,39,287/- along with interest at 18% per annum, which was due on 17.06.2015.
D. Chhaganlal & Co., an operational creditor, filed an application against Say India Jewellers Pvt Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The operational creditor had previously filed a winding-up petition in the High Court of Bombay, which was transferred to the NCLT. The corporate debtor defaulted on a payment of Rs. 67,39,287/- along with 18% interest, due on 17.06.2015. The debt arose from the purchase of diamonds between 08.06.2012 and 19.12.2012. The operational creditor issued a winding-up notice on 17.06.2015. The operational creditor filed Form 5 on 10-04-2017, stating the default. A bank certificate dated 14.06.2017, issued by Bank of Baroda, confirmed the default. The corporate debtor failed to
…Invoices for diamonds purchased by the…
Invoices for diamonds purchased by the…