The application was filed 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, by M/s Ganesh Rice & General Industries (Operational Creditor) through its authorized representative Mr. Amolak Ram, seeking to initiate the Corporate Insolvency process against M/s Umachi Foods and Commodities Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor approached them for the purchase of Basmati Sella Rice, with an oral agreement for timely payment upon receipt of goods and raising of invoices. The Operational Creditor supplied the goods and raised invoices, which were received and acknowledged by the Corporate Debtor. Despite
…M/s Ganesh Rice & General Industries (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Umachi Foods and Commodities Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor approached them for the purchase of Basmati Sella Rice, with an oral agreement for timely payment upon receipt of goods and raising of invoices. The Operational Creditor supplied the goods as per the orders placed by the Corporate Debtor and raised invoices, which were duly received and acknowledged by the Corporate Debtor. Despite various requests and reminders, the Corporate Debtor failed to pay the outstanding dues of Rs.
…Sign in to view the parties.
The Operational Creditor sent a demand notice…
The security cheque…
The application was filed 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, by M/s Ganesh Rice & General Industries (Operational Creditor) through its authorized representative Mr. Amolak Ram, seeking to initiate the Corporate Insolvency process against M/s Umachi Foods and Commodities Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor approached them for the purchase of Basmati Sella Rice, with an oral agreement for timely payment upon receipt of goods and raising of invoices. The Operational Creditor supplied the goods and raised invoices, which were received and acknowledged by the Corporate Debtor. Despite
…M/s Ganesh Rice & General Industries (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Umachi Foods and Commodities Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor approached them for the purchase of Basmati Sella Rice, with an oral agreement for timely payment upon receipt of goods and raising of invoices. The Operational Creditor supplied the goods as per the orders placed by the Corporate Debtor and raised invoices, which were duly received and acknowledged by the Corporate Debtor. Despite various requests and reminders, the Corporate Debtor failed to pay the outstanding dues of Rs.
…The Operational Creditor sent a demand notice…
The security cheque…