The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s. Cosmic Carriers Pvt. Ltd. (Operational Creditor) against M/s. Sidharth Construction and Trading Pvt. Ltd. (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor owed them Rs. 1,21,06,904/-. The Corporate Debtor denied the averments made by the Operational Creditor, contending that the petition was not maintainable.
M/s. Cosmic Carriers Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Sidharth Construction and Trading Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor owed them Rs. 1,21,06,904/-. The Operational Creditor stated that they had provided rental and hire services of machines to the Corporate Debtor based on work orders issued during 2013-14. They raised invoices for these services. The Corporate Debtor issued 11 cheques totaling Rs. 61,13,480, but 4 cheques were returned due to 'Funds Insufficient' and 7 cheques were returned due to 'Account Block Situation'. The Corporate Debtor filed a
…Sign in to view the parties.
The Corporate Debtor issued several work…
Invoice B-2…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s. Cosmic Carriers Pvt. Ltd. (Operational Creditor) against M/s. Sidharth Construction and Trading Pvt. Ltd. (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor owed them Rs. 1,21,06,904/-. The Corporate Debtor denied the averments made by the Operational Creditor, contending that the petition was not maintainable.
M/s. Cosmic Carriers Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Sidharth Construction and Trading Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor owed them Rs. 1,21,06,904/-. The Operational Creditor stated that they had provided rental and hire services of machines to the Corporate Debtor based on work orders issued during 2013-14. They raised invoices for these services. The Corporate Debtor issued 11 cheques totaling Rs. 61,13,480, but 4 cheques were returned due to 'Funds Insufficient' and 7 cheques were returned due to 'Account Block Situation'. The Corporate Debtor filed a
…The Corporate Debtor issued several work…
Invoice B-2…