The case involves an application filed by RNB Arc Design Systems, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Trivitron Healthcare Private Limited, the Corporate Debtor. The Operational Creditor seeks to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, declare a moratorium, and appoint an Interim Resolution Professional (IRP). The Operational Creditor's claim is based on services rendered under a work order dated 28.03.2014, for supplying and installing fire-rated doors. The Corporate Debtor has allegedly defaulted on payments for the completed work.
RNB Arc Design Systems (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Trivitron Healthcare Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The claim is based on a work order dated 28.03.2014, for services rendered by the Operational Creditor, specifically the supply and installation of 90 fire-rated doors at the Corporate Debtor's factory. The Operational Creditor issued a demand notice on 18.02.2017, claiming Rs. 8,97,659/- along with 18% interest. The Corporate Debtor did not respond to the notice. The Operational Creditor complied with Section 9(3)(b) and (c) of the I&B Code, 2016. The Corporate Debtor raised objections regarding delays in work
…Sign in to view the parties.
Work order issued to RNB…
Corporate Debtor…
The case involves an application filed by RNB Arc Design Systems, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Trivitron Healthcare Private Limited, the Corporate Debtor. The Operational Creditor seeks to initiate the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, declare a moratorium, and appoint an Interim Resolution Professional (IRP). The Operational Creditor's claim is based on services rendered under a work order dated 28.03.2014, for supplying and installing fire-rated doors. The Corporate Debtor has allegedly defaulted on payments for the completed work.
RNB Arc Design Systems (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Trivitron Healthcare Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The claim is based on a work order dated 28.03.2014, for services rendered by the Operational Creditor, specifically the supply and installation of 90 fire-rated doors at the Corporate Debtor's factory. The Operational Creditor issued a demand notice on 18.02.2017, claiming Rs. 8,97,659/- along with 18% interest. The Corporate Debtor did not respond to the notice. The Operational Creditor complied with Section 9(3)(b) and (c) of the I&B Code, 2016. The Corporate Debtor raised objections regarding delays in work
…Work order issued to RNB…
Corporate Debtor…