The operational creditor filed an application under Section 9 of the IBC for the recovery of an operational debt from the corporate debtor, which included the cost of goods sold and interest.
Raychem-RPG Private Limited, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Soura Natural Energy Solutions Pvt. Ltd., the corporate debtor. The application sought recovery of an operational debt totaling Rs. 4,42,72,038.61/-, which included Rs. 3,25,67,246.45/- for the sale of goods and Rs. 1,17,04,792.16/- for interest. The operational creditor stated that the corporate debtor had requested goods and agreed to make payment within one month of invoice issuance, along with applicable interest. The operational creditor delivered the goods and issued invoices, but the corporate debtor defaulted on payments for 11 invoices. The invoices, with dates ranging from April 24, 2018, to July 19, 2018, and
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Invoice Number…
Default on pay…
The operational creditor filed an application under Section 9 of the IBC for the recovery of an operational debt from the corporate debtor, which included the cost of goods sold and interest.
Raychem-RPG Private Limited, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Soura Natural Energy Solutions Pvt. Ltd., the corporate debtor. The application sought recovery of an operational debt totaling Rs. 4,42,72,038.61/-, which included Rs. 3,25,67,246.45/- for the sale of goods and Rs. 1,17,04,792.16/- for interest. The operational creditor stated that the corporate debtor had requested goods and agreed to make payment within one month of invoice issuance, along with applicable interest. The operational creditor delivered the goods and issued invoices, but the corporate debtor defaulted on payments for 11 invoices. The invoices, with dates ranging from April 24, 2018, to July 19, 2018, and
…Invoice Number…
Default on pay…