The case involves an application filed by M/s. Kuber Texlen Private Limited, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Virar Fabrics Private Limited, the corporate debtor, for an outstanding operational debt. The applicant claimed that the respondent was indebted a total sum of Rs. 37,08,202.93, including interest, for goods supplied between 15.05.2018 and 01.02.2019. The applicant provided copies of unpaid tax invoices, delivery challans, e-way bills, ledger entries, and a demand notice as evidence.
M/s. Kuber Texlen Private Limited (the applicant), an operational creditor engaged in manufacturing yarn, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Virar Fabrics Private Limited (the respondent/corporate debtor), a company involved in spinning and finishing textile fabric. The applicant claimed that the respondent owed a total sum of Rs. 37,08,202.93, including interest of Rs. 5,53,577.93, for goods supplied between 15.05.2018 and 01.02.2019. The applicant submitted copies of unpaid tax invoices, delivery challans, e-way bills, ledger entries, and a demand notice as evidence. The respondent did not raise any dispute regarding the quality or quantity of the goods supplied. The demand notice dated 06.08.2019 was delivered
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The case involves an application filed by M/s. Kuber Texlen Private Limited, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Virar Fabrics Private Limited, the corporate debtor, for an outstanding operational debt. The applicant claimed that the respondent was indebted a total sum of Rs. 37,08,202.93, including interest, for goods supplied between 15.05.2018 and 01.02.2019. The applicant provided copies of unpaid tax invoices, delivery challans, e-way bills, ledger entries, and a demand notice as evidence.
M/s. Kuber Texlen Private Limited (the applicant), an operational creditor engaged in manufacturing yarn, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Virar Fabrics Private Limited (the respondent/corporate debtor), a company involved in spinning and finishing textile fabric. The applicant claimed that the respondent owed a total sum of Rs. 37,08,202.93, including interest of Rs. 5,53,577.93, for goods supplied between 15.05.2018 and 01.02.2019. The applicant submitted copies of unpaid tax invoices, delivery challans, e-way bills, ledger entries, and a demand notice as evidence. The respondent did not raise any dispute regarding the quality or quantity of the goods supplied. The demand notice dated 06.08.2019 was delivered
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The applicant…