This is a Company Petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 by Mr. Avinash Deviprasad Singh M/s. Shri. Bajarang Financial Services, the Operational Creditor, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Agrasen Trade Merchants Pvt. Ltd., the Corporate Debtor. The petition was filed on 05.03.2020 claiming an amount of Rs.3,45,418/- is due. The date of default as specified in Part IV of the petition is 04.07.2018 determined from the date of invoice after allowing 60 days credit period. The Operational Creditor is providing financial services in the name of M/s. Shri.Bajrang Financial Services wherein hundis are discounted from various banks and commission is charged for the same. The Corporate Debtor
…Mr. Avinash Deviprasad Singh, operating as M/s. Shri. Bajarang Financial Services, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Agrasen Trade Merchants Pvt. Ltd. The claim amounts to Rs. 3,45,418, with the default date being 04.07.2018, calculated from the invoice date after a 60-day credit period. The Operational Creditor provided financial services, specifically discounting hundis from various banks, charging commission for these services. The Corporate Debtor had requested the Operational Creditor to supply wrist watches, evidenced by purchase orders dated 1st May, 2016, and 17th July, 2016. The Corporate Debtor also approached the Operational
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Corporate Debtor…
Corporate Debtor…
This is a Company Petition filed under Section 9 of the Insolvency & Bankruptcy Code, 2016 by Mr. Avinash Deviprasad Singh M/s. Shri. Bajarang Financial Services, the Operational Creditor, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Agrasen Trade Merchants Pvt. Ltd., the Corporate Debtor. The petition was filed on 05.03.2020 claiming an amount of Rs.3,45,418/- is due. The date of default as specified in Part IV of the petition is 04.07.2018 determined from the date of invoice after allowing 60 days credit period. The Operational Creditor is providing financial services in the name of M/s. Shri.Bajrang Financial Services wherein hundis are discounted from various banks and commission is charged for the same. The Corporate Debtor
…Mr. Avinash Deviprasad Singh, operating as M/s. Shri. Bajarang Financial Services, filed a Company Petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Agrasen Trade Merchants Pvt. Ltd. The claim amounts to Rs. 3,45,418, with the default date being 04.07.2018, calculated from the invoice date after a 60-day credit period. The Operational Creditor provided financial services, specifically discounting hundis from various banks, charging commission for these services. The Corporate Debtor had requested the Operational Creditor to supply wrist watches, evidenced by purchase orders dated 1st May, 2016, and 17th July, 2016. The Corporate Debtor also approached the Operational
…Corporate Debtor…
Corporate Debtor…