Metro Cash & Carry India Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Synergy Kitchens & Hospitality Private Limited, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). Metro Cash & Carry claimed to be an operational creditor, alleging that Synergy Kitchens defaulted on payments for supplied goods. The operational creditor supplied diverse kinds of food articles like vegetables, fruits, spices, rice, pulses, meat and fish etc. to the Corporate Debtor upon orders placed by the Corporate Debtor from time to time. The parties have entered into an agreement dated 15th June, 2017 vide which the Operational Creditor supplied the goods as per mutually agreed terms and conditions
…Metro Cash & Carry India Private Limited (Operational Creditor) supplied food articles to Synergy Kitchens & Hospitality Private Limited (Corporate Debtor) based on orders placed from time to time. An agreement dated June 15, 2017, governed the supply, with mutually agreed terms and conditions. The Operational Creditor raised invoices and provided bill discounting facilities. The Corporate Debtor allegedly defaulted on payments, leading the Operational Creditor to issue a demand notice under Section 8 of the Insolvency and Bankruptcy Code (IBC) on July 30, 2019, which was received by the Corporate Debtor on August 1, 2019. The Corporate Debtor replied on August 5, 2019, acknowledging the debt but also raising disputes. The Operational Creditor claimed an amount
…Sign in to view the parties.
Parties entered…
Operational Creditor…
Metro Cash & Carry India Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Synergy Kitchens & Hospitality Private Limited, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). Metro Cash & Carry claimed to be an operational creditor, alleging that Synergy Kitchens defaulted on payments for supplied goods. The operational creditor supplied diverse kinds of food articles like vegetables, fruits, spices, rice, pulses, meat and fish etc. to the Corporate Debtor upon orders placed by the Corporate Debtor from time to time. The parties have entered into an agreement dated 15th June, 2017 vide which the Operational Creditor supplied the goods as per mutually agreed terms and conditions
…Metro Cash & Carry India Private Limited (Operational Creditor) supplied food articles to Synergy Kitchens & Hospitality Private Limited (Corporate Debtor) based on orders placed from time to time. An agreement dated June 15, 2017, governed the supply, with mutually agreed terms and conditions. The Operational Creditor raised invoices and provided bill discounting facilities. The Corporate Debtor allegedly defaulted on payments, leading the Operational Creditor to issue a demand notice under Section 8 of the Insolvency and Bankruptcy Code (IBC) on July 30, 2019, which was received by the Corporate Debtor on August 1, 2019. The Corporate Debtor replied on August 5, 2019, acknowledging the debt but also raising disputes. The Operational Creditor claimed an amount
…Parties entered…
Operational Creditor…