The case involves a petition filed by Manishbhai Baghabhai Aahir, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Shree Raghuvanshi Fibres Private Limited for unpaid operational debt. The petitioner and the respondent had a business relationship since 2018, with the corporate debtor placing orders for cotton for ginning and pressing. The operational creditor supplied goods between 21.03.2018 and 28.03.2018, totaling INR 12,21,200.00.
Manishbhai Baghabhai Aahir, the petitioner, is an operational creditor engaged in cotton ginning and pressing. Shree Raghuvanshi Fibres Private Limited, the corporate debtor, was incorporated on 03.09.2007. The petitioner and respondent had a business relationship since 2018. Between 21.03.2018 and 28.03.2018, the petitioner supplied cotton to the respondent totaling INR 12,21,200.00. The dates of default started from 21.03.2018, 25.03.2018, and 28.03.2018. The operational creditor dispatched a demand notice on 18.06.2019. The respondent admitted the default in an affidavit dated 22.08.2019. The application was filed on 16.07.2019. The supplied cotton was transported via trucks GJ-11U-8888 and GTW-3892. The corporate debtor issued a Gate Pass Inward dated 25.03.2018,
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Shree Raghuvanshi…
First date of default…
The case involves a petition filed by Manishbhai Baghabhai Aahir, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Shree Raghuvanshi Fibres Private Limited for unpaid operational debt. The petitioner and the respondent had a business relationship since 2018, with the corporate debtor placing orders for cotton for ginning and pressing. The operational creditor supplied goods between 21.03.2018 and 28.03.2018, totaling INR 12,21,200.00.
Manishbhai Baghabhai Aahir, the petitioner, is an operational creditor engaged in cotton ginning and pressing. Shree Raghuvanshi Fibres Private Limited, the corporate debtor, was incorporated on 03.09.2007. The petitioner and respondent had a business relationship since 2018. Between 21.03.2018 and 28.03.2018, the petitioner supplied cotton to the respondent totaling INR 12,21,200.00. The dates of default started from 21.03.2018, 25.03.2018, and 28.03.2018. The operational creditor dispatched a demand notice on 18.06.2019. The respondent admitted the default in an affidavit dated 22.08.2019. The application was filed on 16.07.2019. The supplied cotton was transported via trucks GJ-11U-8888 and GTW-3892. The corporate debtor issued a Gate Pass Inward dated 25.03.2018,
…Shree Raghuvanshi…
First date of default…