Pentax Ferro Incorporate, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC), seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Trako Infra (India) Private Limited, the Corporate Debtor, for failing to make payment of Rs. 3,31,580/-. The Corporate Debtor is a private company incorporated on 09.07.2016. The Operational Creditor supplied products to the Corporate Debtor as per Purchase Order No. TIPL/17-18/Ele/106-R1 dated 31.08.2017 and raised an invoice dated 22.09.2017 for Rs.3,31,580/-. The Corporate Debtor issued a cheque for Rs.33,158/- which was dishonored due to insufficient funds. Another cheque for Rs.3,31,580/- was also dishonored. The Operational Creditor sent a legal
…Pentax Ferro Incorporate, an operational creditor, claimed that Trako Infra (India) Private Limited, the corporate debtor, defaulted on a payment of Rs. 3,31,580/-. The debt arose from the supply of goods, including Hot-Dip Galvanised Gratings, Stair Treads, and Trench Covers, as per Purchase Order No. TIPL/17-18/Ele/106-R1 dated 31.08.2017. An invoice was raised on 22.09.2017. The corporate debtor issued two cheques, one for Rs. 33,158/- and another for Rs. 3,31,580/-, both of which were dishonored due to insufficient funds. The operational creditor issued a legal notice on 29.11.2017 and a demand notice on 20.12.2018. The corporate debtor did not respond to the demand notice. The operational creditor filed an affidavit stating that there was no notice of dispute
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Trako Infra (India)…
Purchase Order No.…
Pentax Ferro Incorporate, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC), seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Trako Infra (India) Private Limited, the Corporate Debtor, for failing to make payment of Rs. 3,31,580/-. The Corporate Debtor is a private company incorporated on 09.07.2016. The Operational Creditor supplied products to the Corporate Debtor as per Purchase Order No. TIPL/17-18/Ele/106-R1 dated 31.08.2017 and raised an invoice dated 22.09.2017 for Rs.3,31,580/-. The Corporate Debtor issued a cheque for Rs.33,158/- which was dishonored due to insufficient funds. Another cheque for Rs.3,31,580/- was also dishonored. The Operational Creditor sent a legal
…Pentax Ferro Incorporate, an operational creditor, claimed that Trako Infra (India) Private Limited, the corporate debtor, defaulted on a payment of Rs. 3,31,580/-. The debt arose from the supply of goods, including Hot-Dip Galvanised Gratings, Stair Treads, and Trench Covers, as per Purchase Order No. TIPL/17-18/Ele/106-R1 dated 31.08.2017. An invoice was raised on 22.09.2017. The corporate debtor issued two cheques, one for Rs. 33,158/- and another for Rs. 3,31,580/-, both of which were dishonored due to insufficient funds. The operational creditor issued a legal notice on 29.11.2017 and a demand notice on 20.12.2018. The corporate debtor did not respond to the demand notice. The operational creditor filed an affidavit stating that there was no notice of dispute
…Trako Infra (India)…
Purchase Order No.…