The case involves an application filed by M/s. Kishore Enterprises, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. T2T Designs Private Limited, the corporate debtor. The operational creditor claimed that the corporate debtor defaulted in the repayment of an operational debt amounting to Rs. 1,89,522/-. The application was filed due to the corporate debtor's failure to pay outstanding dues for goods supplied, despite a demand notice being served. The corporate debtor did not appear for the hearings, leading the tribunal to proceed ex-parte.
M/s. Kishore Enterprises, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. T2T Designs Private Limited, the corporate debtor. The operational creditor claimed a default in payment of Rs. 1,89,522/-, which included a principal amount of Rs. 1,23,651/- and interest of Rs. 65,871/-. The debt arose from the supply of 'Sheets facia exterior crodding' to the corporate debtor, for which invoices were raised in April and June 2017. The operational creditor issued a demand notice on 26.07.2019, which was received by the corporate debtor on 29.07.2019. Despite the demand notice, the corporate debtor failed to clear the outstanding dues and did not
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M/s. T2T Designs…
Invoices raised by the…
The case involves an application filed by M/s. Kishore Enterprises, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. T2T Designs Private Limited, the corporate debtor. The operational creditor claimed that the corporate debtor defaulted in the repayment of an operational debt amounting to Rs. 1,89,522/-. The application was filed due to the corporate debtor's failure to pay outstanding dues for goods supplied, despite a demand notice being served. The corporate debtor did not appear for the hearings, leading the tribunal to proceed ex-parte.
M/s. Kishore Enterprises, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. T2T Designs Private Limited, the corporate debtor. The operational creditor claimed a default in payment of Rs. 1,89,522/-, which included a principal amount of Rs. 1,23,651/- and interest of Rs. 65,871/-. The debt arose from the supply of 'Sheets facia exterior crodding' to the corporate debtor, for which invoices were raised in April and June 2017. The operational creditor issued a demand notice on 26.07.2019, which was received by the corporate debtor on 29.07.2019. Despite the demand notice, the corporate debtor failed to clear the outstanding dues and did not
…M/s. T2T Designs…
Invoices raised by the…