Usaka Electrotech Pvt. Limited, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Shree Balaji Printopack Pvt. Limited, the corporate debtor, for unpaid dues related to the supply of packing materials. The corporate debtor acknowledged the debt and did not resist the application.
Usaka Electrotech Pvt. Limited (Operational Creditor) filed an application against Shree Balaji Printopack Pvt. Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application pertained to unpaid invoices for packing materials supplied by Usaka Electrotech to Shree Balaji Printopack. The invoices were accepted without dispute but remained unpaid. The amount due was Rs. 7,94,757/-. A demand notice was issued on 2018-03-14 and received by the Corporate Debtor on 2018-03-22, wherein the Corporate Debtor acknowledged the debt but sought time for payment. The Corporate Debtor conceded to the default through its counsel and filed an affidavit accepting the default and undertaking full cooperation. The Corporate Debtor admitted to
…Sign in to view the parties.
Usaka Electrotech Pvt. Ltd. issued a demand…
Shree Balaji Printopack…
Usaka Electrotech Pvt. Limited, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Shree Balaji Printopack Pvt. Limited, the corporate debtor, for unpaid dues related to the supply of packing materials. The corporate debtor acknowledged the debt and did not resist the application.
Usaka Electrotech Pvt. Limited (Operational Creditor) filed an application against Shree Balaji Printopack Pvt. Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The application pertained to unpaid invoices for packing materials supplied by Usaka Electrotech to Shree Balaji Printopack. The invoices were accepted without dispute but remained unpaid. The amount due was Rs. 7,94,757/-. A demand notice was issued on 2018-03-14 and received by the Corporate Debtor on 2018-03-22, wherein the Corporate Debtor acknowledged the debt but sought time for payment. The Corporate Debtor conceded to the default through its counsel and filed an affidavit accepting the default and undertaking full cooperation. The Corporate Debtor admitted to
…Usaka Electrotech Pvt. Ltd. issued a demand…
Shree Balaji Printopack…