Unique Roof Private Limited, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against SCM Garments Private Limited, the corporate debtor, seeking initiation of Corporate Insolvency Resolution Process (CIRP). The application was filed due to an alleged default in payment of operational debt. The operational creditor claimed a total debt of Rs. 28,45,369/- which included principal and interest. The application was received on 07.08.2018.
Unique Roof Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against SCM Garments Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt. The application was received on 07.08.2018. The Operational Creditor claimed a total debt of Rs. 28,45,369/- which included principal and interest calculated up to 29.05.2018. The debt arose from invoices for work done between 28.10.2017 and 23.12.2017. The Corporate Debtor argued that they had already paid a substantial amount of Rs. 2,03,30,930/- against the total project cost of Rs. 2,14,61,195/-. The Corporate Debtor also claimed that the work done by the Operational Creditor was
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Unique Roof Private Limited filed an…
Statutory Demand Notice…
Unique Roof Private Limited, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against SCM Garments Private Limited, the corporate debtor, seeking initiation of Corporate Insolvency Resolution Process (CIRP). The application was filed due to an alleged default in payment of operational debt. The operational creditor claimed a total debt of Rs. 28,45,369/- which included principal and interest. The application was received on 07.08.2018.
Unique Roof Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against SCM Garments Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt. The application was received on 07.08.2018. The Operational Creditor claimed a total debt of Rs. 28,45,369/- which included principal and interest calculated up to 29.05.2018. The debt arose from invoices for work done between 28.10.2017 and 23.12.2017. The Corporate Debtor argued that they had already paid a substantial amount of Rs. 2,03,30,930/- against the total project cost of Rs. 2,14,61,195/-. The Corporate Debtor also claimed that the work done by the Operational Creditor was
…Unique Roof Private Limited filed an…
Statutory Demand Notice…