The case involves a petition filed by Arora Vinyl Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking to initiate the Corporate Insolvency process against Shri Banke Bihari Cotfab Pvt. Ltd. (Corporate Debtor). The Operational Creditor claims that the Corporate Debtor defaulted on payments for the supply of Coated Textile Fabrics, PVC Laminated Sheets, and other items. The last supply was made on 16.02.2018. A demand notice was sent on 16.12.2019, but service through registered post failed. However, the Operational Creditor claims service via email on 16.12.2019 and speed post on 17.12.2019.
Arora Vinyl Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the IBC against Shri Banke Bihari Cotfab Pvt. Ltd. (Corporate Debtor) for defaulting on payments for supplied goods. The Operational Creditor's total claim is Rs. 41,59,657/-, comprising a principal amount of Rs. 34,37,733.64/- and interest of Rs. 7,21,924/- at 18% per annum. The last supply was made on 16.02.2018. A demand notice was sent on 16.12.2019 via registered post, which failed. The Operational Creditor claims service via email on 16.12.2019 and speed post on 17.12.2019. The Corporate Debtor did not appear during the proceedings despite notice, leading to an ex-parte order on 12.02.2020. The Corporate Debtor is incorporated on 21.05.2013. The Operational Creditor submitted
…Sign in to view the parties.
The last supply of Coated Textile Fabrics, PVC…
The Operational Creditor sent a demand notice…
The case involves a petition filed by Arora Vinyl Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking to initiate the Corporate Insolvency process against Shri Banke Bihari Cotfab Pvt. Ltd. (Corporate Debtor). The Operational Creditor claims that the Corporate Debtor defaulted on payments for the supply of Coated Textile Fabrics, PVC Laminated Sheets, and other items. The last supply was made on 16.02.2018. A demand notice was sent on 16.12.2019, but service through registered post failed. However, the Operational Creditor claims service via email on 16.12.2019 and speed post on 17.12.2019.
Arora Vinyl Pvt. Ltd. (Operational Creditor) filed a petition under Section 9 of the IBC against Shri Banke Bihari Cotfab Pvt. Ltd. (Corporate Debtor) for defaulting on payments for supplied goods. The Operational Creditor's total claim is Rs. 41,59,657/-, comprising a principal amount of Rs. 34,37,733.64/- and interest of Rs. 7,21,924/- at 18% per annum. The last supply was made on 16.02.2018. A demand notice was sent on 16.12.2019 via registered post, which failed. The Operational Creditor claims service via email on 16.12.2019 and speed post on 17.12.2019. The Corporate Debtor did not appear during the proceedings despite notice, leading to an ex-parte order on 12.02.2020. The Corporate Debtor is incorporated on 21.05.2013. The Operational Creditor submitted
…The last supply of Coated Textile Fabrics, PVC…
The Operational Creditor sent a demand notice…