The case originates from a petition filed by M/s Kapil Dev Kansal, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the insolvency resolution process against Yashoda Cotton & General Mills (P) Ltd., the corporate debtor. The petition was filed due to unpaid dues for goods purchased by the corporate debtor. The petitioner claimed that the corporate debtor had defaulted on payments for goods purchased between 18.02.2015 and 01.03.2016, with an outstanding amount of ₹2,77,906.92. The petitioner submitted a demand notice, copies of invoices, bank statements, and ledger accounts to support the claim. The corporate debtor was incorporated on 25.03.2008.
M/s Kapil Dev Kansal, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Yashoda Cotton & General Mills (P) Ltd., the corporate debtor, due to unpaid dues. The corporate debtor was incorporated on 25.03.2008. The operational creditor claimed that the corporate debtor purchased goods between 18.02.2015 and 01.03.2016, with an outstanding amount of ₹2,77,906.92. The operational creditor served a demand notice on the corporate debtor. The initial petition had defects, including the lack of proper certification from the financial institution and unsigned documents. The operational creditor rectified these defects by submitting an affidavit and a certificate from the State Bank of India. The corporate debtor
…Sign in to view the parties.
Yashoda Cotton &…
The respondent…
The case originates from a petition filed by M/s Kapil Dev Kansal, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the insolvency resolution process against Yashoda Cotton & General Mills (P) Ltd., the corporate debtor. The petition was filed due to unpaid dues for goods purchased by the corporate debtor. The petitioner claimed that the corporate debtor had defaulted on payments for goods purchased between 18.02.2015 and 01.03.2016, with an outstanding amount of ₹2,77,906.92. The petitioner submitted a demand notice, copies of invoices, bank statements, and ledger accounts to support the claim. The corporate debtor was incorporated on 25.03.2008.
M/s Kapil Dev Kansal, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Yashoda Cotton & General Mills (P) Ltd., the corporate debtor, due to unpaid dues. The corporate debtor was incorporated on 25.03.2008. The operational creditor claimed that the corporate debtor purchased goods between 18.02.2015 and 01.03.2016, with an outstanding amount of ₹2,77,906.92. The operational creditor served a demand notice on the corporate debtor. The initial petition had defects, including the lack of proper certification from the financial institution and unsigned documents. The operational creditor rectified these defects by submitting an affidavit and a certificate from the State Bank of India. The corporate debtor
…Yashoda Cotton &…
The respondent…