The case involves an application filed by M/s. Nikita Containers Private Limited, the Operational Creditor, against M/s. Unicare Pharma Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor defaulted in making payments for the supply of tin containers. The Operational Creditor sent a demand notice to the Corporate Debtor, but the Corporate Debtor failed to make the payment. The Adjudicating Authority noted that the Corporate Debtor was deliberately avoiding appearance in the matter.
M/s. Nikita Containers Private Limited (Operational Creditor) filed a Company Petition against M/s. Unicare Pharma Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor supplied tin containers to the Corporate Debtor from May 2012 to October 2012. The Corporate Debtor availed the services of the Operational Creditor without any complaint. However, the Corporate Debtor failed to make payments for the invoices dating from 16.05.2012 to 25.10.2012. The Operational Creditor sent several reminders, but no payment was made. A Demand Notice was sent on 30.12.2017, claiming an outstanding amount of Rs. 23,34,503.37, including principal and interest. The notice sent to the Corporate Debtor's registered office was not
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The Operational Creditor supplied tin…
The subject debt…
The case involves an application filed by M/s. Nikita Containers Private Limited, the Operational Creditor, against M/s. Unicare Pharma Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor defaulted in making payments for the supply of tin containers. The Operational Creditor sent a demand notice to the Corporate Debtor, but the Corporate Debtor failed to make the payment. The Adjudicating Authority noted that the Corporate Debtor was deliberately avoiding appearance in the matter.
M/s. Nikita Containers Private Limited (Operational Creditor) filed a Company Petition against M/s. Unicare Pharma Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor supplied tin containers to the Corporate Debtor from May 2012 to October 2012. The Corporate Debtor availed the services of the Operational Creditor without any complaint. However, the Corporate Debtor failed to make payments for the invoices dating from 16.05.2012 to 25.10.2012. The Operational Creditor sent several reminders, but no payment was made. A Demand Notice was sent on 30.12.2017, claiming an outstanding amount of Rs. 23,34,503.37, including principal and interest. The notice sent to the Corporate Debtor's registered office was not
…The Operational Creditor supplied tin…
The subject debt…