The case pertains to an application filed by an operational creditor, Sh. Manvender Singh Malik, against the corporate debtor, M/s Shri Narsing Dev Sugar Private Limited, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed an unpaid operational debt of Rs. 11,32,090/- arising from the supply of sugarcane. The corporate debtor admitted to the claim but stated its inability to pay due to financial crisis.
Sh. Manvender Singh Malik, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Shri Narsing Dev Sugar Private Limited, the corporate debtor, claiming an unpaid operational debt of Rs. 11,32,090/-. This debt accrued from the supply of 4349.40 quintals of sugarcane between 04.02.2017 and 23.03.2017. The corporate debtor issued thirty-three receipts for the sugarcane supply. The petitioner issued a demand notice under Section 8(2) of the Code, but the corporate debtor failed to make the payment. The corporate debtor admitted the claim but stated its inability to pay due to a financial crisis. The operational creditor also filed an affidavit stating that no notice of dispute had been raised by the
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M/s Shri Narsing Dev…
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The case pertains to an application filed by an operational creditor, Sh. Manvender Singh Malik, against the corporate debtor, M/s Shri Narsing Dev Sugar Private Limited, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed an unpaid operational debt of Rs. 11,32,090/- arising from the supply of sugarcane. The corporate debtor admitted to the claim but stated its inability to pay due to financial crisis.
Sh. Manvender Singh Malik, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Shri Narsing Dev Sugar Private Limited, the corporate debtor, claiming an unpaid operational debt of Rs. 11,32,090/-. This debt accrued from the supply of 4349.40 quintals of sugarcane between 04.02.2017 and 23.03.2017. The corporate debtor issued thirty-three receipts for the sugarcane supply. The petitioner issued a demand notice under Section 8(2) of the Code, but the corporate debtor failed to make the payment. The corporate debtor admitted the claim but stated its inability to pay due to a financial crisis. The operational creditor also filed an affidavit stating that no notice of dispute had been raised by the
…M/s Shri Narsing Dev…
Start of the period during which the…