4G Plastics Inc., an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Unitech International Limited, the Corporate Debtor, for an alleged default of Rs.3,41,57,998/-. The Operational Creditor, based in the United States, supplied acrylic raw materials to the Corporate Debtor in 2021 and raised invoices in US dollars, which remained outstanding. A demand notice was issued on 06.05.2024 under Section 8 of the Code, which the Corporate Debtor acknowledged.
4G Plastics Inc. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Unitech International Limited (Corporate Debtor) due to an alleged default of Rs. 3,41,57,998/-. The Operational Creditor, based in the United States, is engaged in the business of Plastic and Steel trading. In 2021, the Corporate Debtor approached the Operational Creditor for the supply of acrylic raw materials. The Operational Creditor dispatched the materials and raised invoices in US dollars, which remained outstanding. The Operational Creditor issued a demand notice dated 06.05.2024 under Section 8 of the Code, which the Corporate Debtor acknowledged. The date of default mentioned in the application is 27.11.2022. The Operational
…Sign in to view the parties.
The Corporate Debtor approached the…
The Operational Creditor raised 41 invoices…
4G Plastics Inc., an Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Unitech International Limited, the Corporate Debtor, for an alleged default of Rs.3,41,57,998/-. The Operational Creditor, based in the United States, supplied acrylic raw materials to the Corporate Debtor in 2021 and raised invoices in US dollars, which remained outstanding. A demand notice was issued on 06.05.2024 under Section 8 of the Code, which the Corporate Debtor acknowledged.
4G Plastics Inc. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Unitech International Limited (Corporate Debtor) due to an alleged default of Rs. 3,41,57,998/-. The Operational Creditor, based in the United States, is engaged in the business of Plastic and Steel trading. In 2021, the Corporate Debtor approached the Operational Creditor for the supply of acrylic raw materials. The Operational Creditor dispatched the materials and raised invoices in US dollars, which remained outstanding. The Operational Creditor issued a demand notice dated 06.05.2024 under Section 8 of the Code, which the Corporate Debtor acknowledged. The date of default mentioned in the application is 27.11.2022. The Operational
…The Corporate Debtor approached the…
The Operational Creditor raised 41 invoices…