Arpith Jain G., an operational creditor, filed a Section 9 IBC petition against Tharun Tex Spin Mills (P) Ltd., the corporate debtor, for an unpaid operational debt of Rs. 3,71,22,356/- for rayon fabric supplies. The corporate debtor disputed the debt, claiming non-delivery of goods and a pre-existing dispute.
Arpith Jain G., a sole proprietor of Mayiks Fabric (Operational Creditor), filed a petition under Section 9 of the IBC, 2016.
The petition was filed against Tharun Tex Spin Mills (P) Ltd. (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP).
The alleged operational debt is Rs. 3,71,22,356/-, with the date of default being 22.10.2022.
Mayiks Fabric is in the business of textile manufacturing and supplying Rayon Fabric.
Tharun Tex Spin Mills (P) Ltd. is engaged in manufacturing yarn and allied businesses.
The Operational Creditor had been supplying rayon fabric to the Corporate Debtor for many years.
From 2022, the Corporate Debtor allegedly ceased payments, leading to 7 pending invoices.
…Sign in to view the parties.
Tharun Tex Spin Mills…
The last date of supply…
Arpith Jain G., an operational creditor, filed a Section 9 IBC petition against Tharun Tex Spin Mills (P) Ltd., the corporate debtor, for an unpaid operational debt of Rs. 3,71,22,356/- for rayon fabric supplies. The corporate debtor disputed the debt, claiming non-delivery of goods and a pre-existing dispute.
Arpith Jain G., a sole proprietor of Mayiks Fabric (Operational Creditor), filed a petition under Section 9 of the IBC, 2016.
The petition was filed against Tharun Tex Spin Mills (P) Ltd. (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP).
The alleged operational debt is Rs. 3,71,22,356/-, with the date of default being 22.10.2022.
Mayiks Fabric is in the business of textile manufacturing and supplying Rayon Fabric.
Tharun Tex Spin Mills (P) Ltd. is engaged in manufacturing yarn and allied businesses.
The Operational Creditor had been supplying rayon fabric to the Corporate Debtor for many years.
From 2022, the Corporate Debtor allegedly ceased payments, leading to 7 pending invoices.
…Tharun Tex Spin Mills…
The last date of supply…