The case involves a petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, by Honest Machinery Pvt Ltd (Operational Creditor) against VSM Venture Control Systems Private Limited (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP) due to the corporate debtor's inability to liquidate its operational debt. The applicant company claimed to have made various sale transactions with the respondent corporate debtor and rendered services of liaisoning, designing & consultancy against project revamping of paper machine as per Invoices attached with notice. The applicant company served demand notice to respondent corporate debtor at registered office address and site address vide Speed Post No. EG521616043IN and
…Honest Machinery Pvt Ltd (Operational Creditor) filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against VSM Venture Control Systems Private Limited (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed that the corporate debtor was unable to liquidate its operational debt. The operational creditor had made various sale transactions with the corporate debtor and rendered services of liaisoning, designing & consultancy against project revamping of paper machine. A demand notice was served to the corporate debtor. The total debt claimed was Rs. 1,11,82,688/-, including interest. The corporate debtor contended that the operational creditor was awarded a tender by Mazandaran
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The case involves a petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, by Honest Machinery Pvt Ltd (Operational Creditor) against VSM Venture Control Systems Private Limited (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP) due to the corporate debtor's inability to liquidate its operational debt. The applicant company claimed to have made various sale transactions with the respondent corporate debtor and rendered services of liaisoning, designing & consultancy against project revamping of paper machine as per Invoices attached with notice. The applicant company served demand notice to respondent corporate debtor at registered office address and site address vide Speed Post No. EG521616043IN and
…Honest Machinery Pvt Ltd (Operational Creditor) filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against VSM Venture Control Systems Private Limited (Corporate Debtor) for initiation of Corporate Insolvency Resolution Process (CIRP). The operational creditor claimed that the corporate debtor was unable to liquidate its operational debt. The operational creditor had made various sale transactions with the corporate debtor and rendered services of liaisoning, designing & consultancy against project revamping of paper machine. A demand notice was served to the corporate debtor. The total debt claimed was Rs. 1,11,82,688/-, including interest. The corporate debtor contended that the operational creditor was awarded a tender by Mazandaran
…MOU entered between the…
Due date of pa…