The case pertains to a Company Petition (IB) No. 191/ALD/2018 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The petition was filed by Butterfly Appliances, an operational creditor, against SRK Kitchen Appliances Private Limited, the corporate debtor, for initiation of Corporate Insolvency Resolution Process (CIRP) due to outstanding dues.
Butterfly Appliances, the operational creditor, filed a petition against SRK Kitchen Appliances Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. SRK Kitchen Appliances Private Limited is a company incorporated on 22/08/2013. The operational creditor claimed that the corporate debtor owed a total of Rs. 30,91,993/-, including a principal amount of Rs. 16,42,032/-, interest of Rs. 11,32,117/-, and GST. The operational creditor stated that they sold and delivered goods/raw materials worth Rs. 23,42,032/- to the corporate debtor. The operational creditor received a total payment of Rs. 7,00,000/-, leaving an outstanding balance of Rs. 16,42,032/-. The operational creditor issued a demand notice dated 20.03.2018, which was
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SRK Kitchen Ap…
Demand Notice dated…
The case pertains to a Company Petition (IB) No. 191/ALD/2018 filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The petition was filed by Butterfly Appliances, an operational creditor, against SRK Kitchen Appliances Private Limited, the corporate debtor, for initiation of Corporate Insolvency Resolution Process (CIRP) due to outstanding dues.
Butterfly Appliances, the operational creditor, filed a petition against SRK Kitchen Appliances Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. SRK Kitchen Appliances Private Limited is a company incorporated on 22/08/2013. The operational creditor claimed that the corporate debtor owed a total of Rs. 30,91,993/-, including a principal amount of Rs. 16,42,032/-, interest of Rs. 11,32,117/-, and GST. The operational creditor stated that they sold and delivered goods/raw materials worth Rs. 23,42,032/- to the corporate debtor. The operational creditor received a total payment of Rs. 7,00,000/-, leaving an outstanding balance of Rs. 16,42,032/-. The operational creditor issued a demand notice dated 20.03.2018, which was
…SRK Kitchen Ap…
Demand Notice dated…