Sany Heavy Industry India Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Nico Allen Infrastructure Private Limited, claiming an operational debt.
Sany Heavy Industries India Private Limited (Operational Creditor) filed a petition under Section 9 of IBC against Nico Allen Infrastructure Private Limited (Corporate Debtor).
The Operational Creditor claimed a total outstanding debt of Rs. 9,99,42,002/-.
The debt consisted of Rs. 7,79,57,880/- payable towards two invoices and Rs. 2,19,84,122.16/- payable towards interest at 24% p.a.
The dates of default were 30.01.2024 and 31.01.2024 for the two invoices.
The Corporate Debtor claimed to have approached Union Bank of India for a loan to purchase the piling rigs but faced delays.
The Corporate Debtor issued cheques to address the concerns of the applicant but requested the applicant to hold the cheques.
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Sany Heavy Industry India Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Nico Allen Infrastructure Private Limited, claiming an operational debt.
Sany Heavy Industries India Private Limited (Operational Creditor) filed a petition under Section 9 of IBC against Nico Allen Infrastructure Private Limited (Corporate Debtor).
The Operational Creditor claimed a total outstanding debt of Rs. 9,99,42,002/-.
The debt consisted of Rs. 7,79,57,880/- payable towards two invoices and Rs. 2,19,84,122.16/- payable towards interest at 24% p.a.
The dates of default were 30.01.2024 and 31.01.2024 for the two invoices.
The Corporate Debtor claimed to have approached Union Bank of India for a loan to purchase the piling rigs but faced delays.
The Corporate Debtor issued cheques to address the concerns of the applicant but requested the applicant to hold the cheques.
…First date of…
Second date of…