Vaiva Metals and Alloys Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) against Sungil India Private Limited. The applicant claimed that the corporate debtor defaulted on payments for alloy steel blocks supplied between 2015 and 2016.
Vaiva Metals and Alloys Private Limited (the Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Sungil India Private Limited (the Corporate Debtor). The Applicant is involved in importing and stocking various types of steel. The Corporate Debtor was incorporated on 06.03.2007. The Applicant supplied 18,292 kg of alloy steel blocks to the Corporate Debtor between 03.09.2015 and 20.10.2016, raising four invoices totaling Rs. 36,91,142/-. The Corporate Debtor made a part payment of Rs. 5,05,280/- on 17.10.2016, leaving a balance of Rs. 31,85,862/-. The Applicant issued a demand notice on 04.01.2018, which was received by the Corporate Debtor on 13.02.2018. The
…Sign in to view the parties.
Applicant supplied alloy steel blocks to the…
Applicant supplied alloy steel blocks to the…
Vaiva Metals and Alloys Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) against Sungil India Private Limited. The applicant claimed that the corporate debtor defaulted on payments for alloy steel blocks supplied between 2015 and 2016.
Vaiva Metals and Alloys Private Limited (the Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Sungil India Private Limited (the Corporate Debtor). The Applicant is involved in importing and stocking various types of steel. The Corporate Debtor was incorporated on 06.03.2007. The Applicant supplied 18,292 kg of alloy steel blocks to the Corporate Debtor between 03.09.2015 and 20.10.2016, raising four invoices totaling Rs. 36,91,142/-. The Corporate Debtor made a part payment of Rs. 5,05,280/- on 17.10.2016, leaving a balance of Rs. 31,85,862/-. The Applicant issued a demand notice on 04.01.2018, which was received by the Corporate Debtor on 13.02.2018. The
…Applicant supplied alloy steel blocks to the…
Applicant supplied alloy steel blocks to the…