M/s. Kashvi Power and Steel Pvt Ltd. filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against M/s. Maa Tarini Steel LLP, seeking initiation of Corporate Insolvency Resolution Process (CIRP) for a default of Rs. 26,40,16,000/-.
Kashvi Power and Steel Pvt Ltd. filed a petition under Section 9 of the IBC against Maa Tarini Steel LLP.
The claim amount is Rs. 26,40,16,000/-, including principal and interest.
Kashvi Power and Steel Pvt Ltd. is the Operational Creditor, and Maa Tarini Steel LLP is the Corporate Debtor.
The Corporate Debtor was to supply 75,000 MT of iron ore fines to the Applicant.
The Applicant paid an advance of Rs. 22,76,00,000/- to the Corporate Debtor.
The Corporate Debtor failed to supply the iron ore fines.
The Operational Creditor issued a demand notice under Form-3 on 24.07.2024.
The Corporate Debtor filed a civil suit for specific performance against the Operational Creditor.
The Corporate Debtor admitted receipt of Rs. 22,76,00,000/-.
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Operational Creditor placed a purchase order…
Another purchase order…
M/s. Kashvi Power and Steel Pvt Ltd. filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, against M/s. Maa Tarini Steel LLP, seeking initiation of Corporate Insolvency Resolution Process (CIRP) for a default of Rs. 26,40,16,000/-.
Kashvi Power and Steel Pvt Ltd. filed a petition under Section 9 of the IBC against Maa Tarini Steel LLP.
The claim amount is Rs. 26,40,16,000/-, including principal and interest.
Kashvi Power and Steel Pvt Ltd. is the Operational Creditor, and Maa Tarini Steel LLP is the Corporate Debtor.
The Corporate Debtor was to supply 75,000 MT of iron ore fines to the Applicant.
The Applicant paid an advance of Rs. 22,76,00,000/- to the Corporate Debtor.
The Corporate Debtor failed to supply the iron ore fines.
The Operational Creditor issued a demand notice under Form-3 on 24.07.2024.
The Corporate Debtor filed a civil suit for specific performance against the Operational Creditor.
The Corporate Debtor admitted receipt of Rs. 22,76,00,000/-.
…Operational Creditor placed a purchase order…
Another purchase order…