The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Sudhir Sales and Services Ltd. (Operational Creditor) against Valaya Clothing Pvt Ltd. (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an outstanding amount of Rs. 2,61,876/- along with interest at 15% per annum. The Corporate Debtor was proceeded ex parte as there was no representation on its behalf. The Operational Creditor had supplied a DG Set to the Corporate Debtor under a purchase order dated 20.10.2012, for a monthly rental of Rs. 25,000/- plus tax.
Sudhir Sales and Services Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Valaya Clothing Pvt Ltd. (Corporate Debtor) seeking initiation of CIRP. The Operational Creditor claimed that the Corporate Debtor owed Rs. 2,61,876/- along with interest at 15% per annum. The Corporate Debtor was proceeded ex parte. The Operational Creditor had supplied a 125KVA silent DG Set to the Corporate Debtor under a purchase order No. VCPL/RO/001 dated 20.10.2012, with a monthly rental of Rs. 25,000/- plus tax. The DG Set functioned without any problem. The invoices were raised and acknowledged by the Corporate Debtor, and part payments were released. An amount of Rs. 1,86,997/- remained unpaid. The Corporate Debtor
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Purchase order No. VCPL/RO/001 issued by the…
DG Set supplied/delivere…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Sudhir Sales and Services Ltd. (Operational Creditor) against Valaya Clothing Pvt Ltd. (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed an outstanding amount of Rs. 2,61,876/- along with interest at 15% per annum. The Corporate Debtor was proceeded ex parte as there was no representation on its behalf. The Operational Creditor had supplied a DG Set to the Corporate Debtor under a purchase order dated 20.10.2012, for a monthly rental of Rs. 25,000/- plus tax.
Sudhir Sales and Services Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Valaya Clothing Pvt Ltd. (Corporate Debtor) seeking initiation of CIRP. The Operational Creditor claimed that the Corporate Debtor owed Rs. 2,61,876/- along with interest at 15% per annum. The Corporate Debtor was proceeded ex parte. The Operational Creditor had supplied a 125KVA silent DG Set to the Corporate Debtor under a purchase order No. VCPL/RO/001 dated 20.10.2012, with a monthly rental of Rs. 25,000/- plus tax. The DG Set functioned without any problem. The invoices were raised and acknowledged by the Corporate Debtor, and part payments were released. An amount of Rs. 1,86,997/- remained unpaid. The Corporate Debtor
…Purchase order No. VCPL/RO/001 issued by the…
DG Set supplied/delivere…