Argentium International Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against UTM Engineering Private Limited, alleging default in payment for goods supplied. The applicant claimed that the corporate debtor had placed job orders, and invoices were raised between 20.08.2017 and 18.01.2018, but the corporate debtor failed to make payments. A demand notice was issued on 20.09.2018 under Section 8 of the IBC, which the corporate debtor neither replied to nor made any payment towards the outstanding dues.
Argentium International Private Limited (the applicant/operational creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against UTM Engineering Private Limited (the respondent/corporate debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The applicant claimed that the corporate debtor had placed job orders for the supply of goods, and the applicant had supplied the goods accordingly. Invoices were raised between 20.08.2017 and 18.01.2018, but the corporate debtor failed to make payments, resulting in outstanding dues of Rs. 49,17,591.00/-. A demand notice was issued on 20.09.2018 under Section 8 of the IBC, which was duly delivered to the corporate debtor. The corporate debtor did not reply to the notice
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Argentium International Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against UTM Engineering Private Limited, alleging default in payment for goods supplied. The applicant claimed that the corporate debtor had placed job orders, and invoices were raised between 20.08.2017 and 18.01.2018, but the corporate debtor failed to make payments. A demand notice was issued on 20.09.2018 under Section 8 of the IBC, which the corporate debtor neither replied to nor made any payment towards the outstanding dues.
Argentium International Private Limited (the applicant/operational creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against UTM Engineering Private Limited (the respondent/corporate debtor) to initiate the Corporate Insolvency Resolution Process (CIRP). The applicant claimed that the corporate debtor had placed job orders for the supply of goods, and the applicant had supplied the goods accordingly. Invoices were raised between 20.08.2017 and 18.01.2018, but the corporate debtor failed to make payments, resulting in outstanding dues of Rs. 49,17,591.00/-. A demand notice was issued on 20.09.2018 under Section 8 of the IBC, which was duly delivered to the corporate debtor. The corporate debtor did not reply to the notice
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