The Operational Creditor filed an application under Section 9 of the IBC to initiate Corporate Insolvency Resolution Process against the Corporate Debtor due to an alleged default in payment for goods and services supplied.
Aryatech Platforms Private Limited, the Operational Creditor, filed a Company Petition, C.P. (IB) 181/MB/2025, on November 24, 2024, 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. This application sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Tirumalla Agro Industries Private Limited, the Corporate Debtor.
The alleged total default amount is Rs. 1,11,69,393/-, which includes penal charges and other allied expenses. The Operational Creditor stated that the first date of default for supplies was March 21, 2024, and the last date of default was March 27, 2024, as detailed in Annexure K of the application.
…Board Resolutio…
Corporate Debtor and Operational Creditor…
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The Operational Creditor filed an application under Section 9 of the IBC to initiate Corporate Insolvency Resolution Process against the Corporate Debtor due to an alleged default in payment for goods and services supplied.
Aryatech Platforms Private Limited, the Operational Creditor, filed a Company Petition, C.P. (IB) 181/MB/2025, on November 24, 2024, 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. This application sought to initiate the Corporate Insolvency Resolution Process (CIRP) against Tirumalla Agro Industries Private Limited, the Corporate Debtor.
The alleged total default amount is Rs. 1,11,69,393/-, which includes penal charges and other allied expenses. The Operational Creditor stated that the first date of default for supplies was March 21, 2024, and the last date of default was March 27, 2024, as detailed in Annexure K of the application.
…Board Resolutio…
Corporate Debtor and Operational Creditor…
Sign in to view related legal provisions.