The case pertains to an application 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, by Jotun India Private Limited (Operational Creditor) against Tebma Shipyard Limited (Corporate Debtor). The Operational Creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to an outstanding debt.
Jotun India Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Tebma Shipyard Limited (Corporate Debtor) due to an outstanding debt of Rs. 23,69,536, including interest as of March 16, 2018. The Operational Creditor had supplied paints and coatings to the Corporate Debtor. A demand notice was issued on March 16, 2018, under Section 8 of the I&B Code, 2016, detailing the amount claimed, transaction details, and date of default. The notice was delivered on March 22, 2018. The Corporate Debtor did not reply to the demand notice and did not oppose the application filed by the Operational Creditor. The Operational Creditor has complied with Section 9 (3) (b) & (c) of the I&B Code,
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Operational Creditor sent a demand notice to…
The demand not…
The case pertains to an application 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, by Jotun India Private Limited (Operational Creditor) against Tebma Shipyard Limited (Corporate Debtor). The Operational Creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor due to an outstanding debt.
Jotun India Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Tebma Shipyard Limited (Corporate Debtor) due to an outstanding debt of Rs. 23,69,536, including interest as of March 16, 2018. The Operational Creditor had supplied paints and coatings to the Corporate Debtor. A demand notice was issued on March 16, 2018, under Section 8 of the I&B Code, 2016, detailing the amount claimed, transaction details, and date of default. The notice was delivered on March 22, 2018. The Corporate Debtor did not reply to the demand notice and did not oppose the application filed by the Operational Creditor. The Operational Creditor has complied with Section 9 (3) (b) & (c) of the I&B Code,
…Operational Creditor sent a demand notice to…
The demand not…