The case originates from an application 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 an Operational Creditor against a Corporate Debtor. The Operational Creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP), declare a moratorium, and appoint an Interim Resolution Professional (IRP). The Corporate Debtor was proceeded against ex parte.
The Operational Creditor, M/s. Anant Agro Industries, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor, M/s. Vijai Mahalaxmi Spinning Mills India Private Limited, for defaulting on payments. The Operational Creditor sold cotton bales to the Corporate Debtor, with the entire payment due on 2014-08-05. The Corporate Debtor made only partial payments, leaving an outstanding amount of Rs. 8,45,575/-, including interest. The Operational Creditor sent a statutory notice under Section 8 of the I&B Code on 2017-09-02, which was delivered to the Corporate Debtor on 2017-09-07. The Corporate Debtor did not respond to the notice. The Operational Creditor also filed an affidavit and a bank certificate to comply with
…Sign in to view the parties.
Entire payment for cotton bales sold by the…
The Operational Creditor sent a statutory notice…
The case originates from an application 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 an Operational Creditor against a Corporate Debtor. The Operational Creditor sought to initiate the Corporate Insolvency Resolution Process (CIRP), declare a moratorium, and appoint an Interim Resolution Professional (IRP). The Corporate Debtor was proceeded against ex parte.
The Operational Creditor, M/s. Anant Agro Industries, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor, M/s. Vijai Mahalaxmi Spinning Mills India Private Limited, for defaulting on payments. The Operational Creditor sold cotton bales to the Corporate Debtor, with the entire payment due on 2014-08-05. The Corporate Debtor made only partial payments, leaving an outstanding amount of Rs. 8,45,575/-, including interest. The Operational Creditor sent a statutory notice under Section 8 of the I&B Code on 2017-09-02, which was delivered to the Corporate Debtor on 2017-09-07. The Corporate Debtor did not respond to the notice. The Operational Creditor also filed an affidavit and a bank certificate to comply with
…Entire payment for cotton bales sold by the…
The Operational Creditor sent a statutory notice…