Pentax Ferro Incorporate, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Trako Infra (India) Private Limited, the Corporate Debtor, for failing to pay a sum of Rs. 3,31,580/-. The Corporate Debtor is a private company limited by shares and incorporated on 09.07.2016. The Operational Creditor supplied products to the Corporate Debtor as per a Purchase Order. The Corporate Debtor issued a cheque which was dishonored due to insufficient funds. The Operational Creditor sent a legal notice to the Corporate Debtor to pay the cheque amount, which was acknowledged. The Operational Creditor served a Demand Notice in Form 3 to the Corporate
…Pentax Ferro Incorporate, the Operational Creditor, supplied goods to Trako Infra (India) Private Limited, the Corporate Debtor, as per Purchase Order No. TIPL/17-18/Ele/106-R1 dated 31.08.2017. The Operational Creditor raised invoice No.GST/50/17-18 dated 22.09.2017 for Rs.3,31,580/-. The Corporate Debtor issued a cheque bearing No.000141 dated 28.09.2017 for Rs.33,158/-, which was dishonored due to insufficient funds on 29.09.2017. Another cheque bearing No.000138 dated 14.10.2017 for Rs.3,31,580/- was also dishonored on 25.10.2017. The Corporate Debtor requested to redeposit the cheque dated 14.10.2017, which was redeposited on 23.11.2017 but was again dishonored. The Operational Creditor sent a Legal Notice dated 29.11.2017 under section 138 of the Negotiable
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Trako Infra (India)…
Operational Creditor supplied products to the…
Pentax Ferro Incorporate, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Trako Infra (India) Private Limited, the Corporate Debtor, for failing to pay a sum of Rs. 3,31,580/-. The Corporate Debtor is a private company limited by shares and incorporated on 09.07.2016. The Operational Creditor supplied products to the Corporate Debtor as per a Purchase Order. The Corporate Debtor issued a cheque which was dishonored due to insufficient funds. The Operational Creditor sent a legal notice to the Corporate Debtor to pay the cheque amount, which was acknowledged. The Operational Creditor served a Demand Notice in Form 3 to the Corporate
…Pentax Ferro Incorporate, the Operational Creditor, supplied goods to Trako Infra (India) Private Limited, the Corporate Debtor, as per Purchase Order No. TIPL/17-18/Ele/106-R1 dated 31.08.2017. The Operational Creditor raised invoice No.GST/50/17-18 dated 22.09.2017 for Rs.3,31,580/-. The Corporate Debtor issued a cheque bearing No.000141 dated 28.09.2017 for Rs.33,158/-, which was dishonored due to insufficient funds on 29.09.2017. Another cheque bearing No.000138 dated 14.10.2017 for Rs.3,31,580/- was also dishonored on 25.10.2017. The Corporate Debtor requested to redeposit the cheque dated 14.10.2017, which was redeposited on 23.11.2017 but was again dishonored. The Operational Creditor sent a Legal Notice dated 29.11.2017 under section 138 of the Negotiable
…Trako Infra (India)…
Operational Creditor supplied products to the…