The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Melgiri Enterprises, an operational creditor, against Scope Vincom Industries Pvt. Ltd., the corporate debtor. Melgiri Enterprises claimed that Scope Vincom Industries defaulted on a payment of Rs. 10,83,843/- plus interest for goods supplied. The operational creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor.
Melgiri Enterprises, the operational creditor, is a sole proprietorship dealing in chemical components. Scope Vincom Industries Pvt. Ltd., the corporate debtor, is involved in manufacturing and supplying bakery items. Melgiri Enterprises supplied materials to Scope Vincom Industries based on purchase orders. The corporate debtor allegedly defaulted on payments amounting to Rs. 10,83,843/- plus interest. Melgiri Enterprises sent a demand notice on 2017-08-03 under Section 8 of the IBC, claiming the outstanding amount. The corporate debtor received the notice but did not pay. Prior to filing the Section 9 application, Melgiri Enterprises had also filed a suit for recovery in the Court of Additional City Civil Judge, Bengaluru, and sought an ex parte order of attachment
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Operational Creditor…
Operational Creditor filed suit for recovery in…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Melgiri Enterprises, an operational creditor, against Scope Vincom Industries Pvt. Ltd., the corporate debtor. Melgiri Enterprises claimed that Scope Vincom Industries defaulted on a payment of Rs. 10,83,843/- plus interest for goods supplied. The operational creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor.
Melgiri Enterprises, the operational creditor, is a sole proprietorship dealing in chemical components. Scope Vincom Industries Pvt. Ltd., the corporate debtor, is involved in manufacturing and supplying bakery items. Melgiri Enterprises supplied materials to Scope Vincom Industries based on purchase orders. The corporate debtor allegedly defaulted on payments amounting to Rs. 10,83,843/- plus interest. Melgiri Enterprises sent a demand notice on 2017-08-03 under Section 8 of the IBC, claiming the outstanding amount. The corporate debtor received the notice but did not pay. Prior to filing the Section 9 application, Melgiri Enterprises had also filed a suit for recovery in the Court of Additional City Civil Judge, Bengaluru, and sought an ex parte order of attachment
…Operational Creditor…
Operational Creditor filed suit for recovery in…