The case involves an application filed by M/s. Creative Dental Laboratory, the operational creditor, against M/s. Vasan Dental Hospitals Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed an unpaid operational debt of Rs. 26,23,351/-. The application was filed due to the corporate debtor's failure to clear outstanding dues despite repeated reminders.
M/s. Creative Dental Laboratory, represented by its Proprietor Mr. Karthikeyan, filed an application against M/s. Vasan Dental Hospitals Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. Creative Dental Laboratory claimed that Vasan Dental Hospitals Private Limited owed them Rs. 26,23,351/- as of 18.07.2017, out of a total claim of Rs. 58,33,351/- for dental supplies made between 01.04.2014 and 30.09.2016. Vasan Dental Hospitals Private Limited made payments amounting to Rs. 32,10,000/- between 30.09.2016 and 17.07.2017, with a final payment of Rs. 25,000/- on 22.01.2018. Creative Dental Laboratory issued a demand notice on 08.11.2019 under Section 8 of the IBC, 2016, which Vasan Dental Hospitals Private Limited failed to reply to or pay
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The operational creditor began supplying dental…
The operational creditor completed the supply…
The case involves an application filed by M/s. Creative Dental Laboratory, the operational creditor, against M/s. Vasan Dental Hospitals Private Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed an unpaid operational debt of Rs. 26,23,351/-. The application was filed due to the corporate debtor's failure to clear outstanding dues despite repeated reminders.
M/s. Creative Dental Laboratory, represented by its Proprietor Mr. Karthikeyan, filed an application against M/s. Vasan Dental Hospitals Private Limited under Section 9 of the Insolvency and Bankruptcy Code, 2016. Creative Dental Laboratory claimed that Vasan Dental Hospitals Private Limited owed them Rs. 26,23,351/- as of 18.07.2017, out of a total claim of Rs. 58,33,351/- for dental supplies made between 01.04.2014 and 30.09.2016. Vasan Dental Hospitals Private Limited made payments amounting to Rs. 32,10,000/- between 30.09.2016 and 17.07.2017, with a final payment of Rs. 25,000/- on 22.01.2018. Creative Dental Laboratory issued a demand notice on 08.11.2019 under Section 8 of the IBC, 2016, which Vasan Dental Hospitals Private Limited failed to reply to or pay
…The operational creditor began supplying dental…
The operational creditor completed the supply…