The case involves a Company Petition filed by Hemang Resources Limited (Operational Creditor) against Sri Ramanjaneya Ispat Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. Hemang Resources Limited, a company registered under the Companies Act, 1956, claimed that Sri Ramanjaneya Ispat Private Limited defaulted on payments for the supply of coal. The petitioner and respondent entered into a High Seas Sale Agreement for the purpose of supply of coal from the petitioner to the Respondent Company. The Petitioner supplied coal to the Respondent and raised invoices for the supply of coal and last default occurred on 08.03.2017.
Hemang Resources Limited (Operational Creditor) filed a Company Petition against Sri Ramanjaneya Ispat Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) due to unpaid dues for coal supplied. The petitioner and respondent entered into a High Seas Sale Agreement for the purpose of supply of coal from the petitioner to the Respondent Company. The Petitioner supplied coal to the Respondent and raised invoices for the supply of coal. The last default occurred on 08.03.2017. The total outstanding amount was Rs. 2,35,73,108/-, including principal and interest. The petitioner issued a demand notice on 23.01.2018. The respondent raised objections regarding the
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The case involves a Company Petition filed by Hemang Resources Limited (Operational Creditor) against Sri Ramanjaneya Ispat Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. Hemang Resources Limited, a company registered under the Companies Act, 1956, claimed that Sri Ramanjaneya Ispat Private Limited defaulted on payments for the supply of coal. The petitioner and respondent entered into a High Seas Sale Agreement for the purpose of supply of coal from the petitioner to the Respondent Company. The Petitioner supplied coal to the Respondent and raised invoices for the supply of coal and last default occurred on 08.03.2017.
Hemang Resources Limited (Operational Creditor) filed a Company Petition against Sri Ramanjaneya Ispat Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) due to unpaid dues for coal supplied. The petitioner and respondent entered into a High Seas Sale Agreement for the purpose of supply of coal from the petitioner to the Respondent Company. The Petitioner supplied coal to the Respondent and raised invoices for the supply of coal. The last default occurred on 08.03.2017. The total outstanding amount was Rs. 2,35,73,108/-, including principal and interest. The petitioner issued a demand notice on 23.01.2018. The respondent raised objections regarding the
…Last default occurred…
Petitioner issued a…