The case involves an application filed by M/s. Sicagen India Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, r/w Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Thiruchitambalam Projects Limited (Corporate Debtor). The Operational Creditor claimed a sum of Rs. 10,50,911/- due from the Corporate Debtor for the supply of TMT Steels. The Corporate Debtor did not appear, and the Tribunal ordered notice to be issued. The Operational Creditor filed an Affidavit of Service, indicating that the notice was served, but the Corporate Debtor remained absent.
M/s. Sicagen India Limited (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. Thiruchitambalam Projects Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor owed them Rs. 10,50,911/- for the supply of 50 MT of TMT Steels of various sizes for building constructions. The Corporate Debtor issued purchase orders No.TP/KAN/001/1/2014 dated 08.09.2014 for 25.250 MT and No.P/TPL/TNPHC/1006/2014 dated 21.09.2014 for 22.500 MT. The Operational Creditor submitted that they promptly supplied the materials as per the schedule. The Operational Creditor issued a Demand Notice dated 15.02.2019 to the Corporate Debtor under
…Sign in to view the parties.
Corporate Debtor issued…
Corporate Debtor issued Purchase Order…
The case involves an application filed by M/s. Sicagen India Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, r/w Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Thiruchitambalam Projects Limited (Corporate Debtor). The Operational Creditor claimed a sum of Rs. 10,50,911/- due from the Corporate Debtor for the supply of TMT Steels. The Corporate Debtor did not appear, and the Tribunal ordered notice to be issued. The Operational Creditor filed an Affidavit of Service, indicating that the notice was served, but the Corporate Debtor remained absent.
M/s. Sicagen India Limited (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. Thiruchitambalam Projects Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor owed them Rs. 10,50,911/- for the supply of 50 MT of TMT Steels of various sizes for building constructions. The Corporate Debtor issued purchase orders No.TP/KAN/001/1/2014 dated 08.09.2014 for 25.250 MT and No.P/TPL/TNPHC/1006/2014 dated 21.09.2014 for 22.500 MT. The Operational Creditor submitted that they promptly supplied the materials as per the schedule. The Operational Creditor issued a Demand Notice dated 15.02.2019 to the Corporate Debtor under
…Corporate Debtor issued…
Corporate Debtor issued Purchase Order…