The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, filed by Avanti Resources Pvt Ltd (Operational Creditor) against Ahalya Trading Pvt Ltd (Corporate Debtor). The Corporate Debtor failed to appear despite multiple listings and prior notice. The Operational Creditor claims an amount of Rs. 1,42,19,000/- which includes principal and interest.
Avanti Resources Pvt Ltd (Operational Creditor) filed a petition under Section 9 of the IBC against Ahalya Trading Pvt Ltd (Corporate Debtor) for non-payment of dues. The Operational Creditor claimed Rs. 1,42,19,000/-, comprising a principal amount of Rs. 1,20,50,000/- and interest of Rs. 21,69,000/- as of March 31, 2019. The claim is based on two invoices dated January 30, 2014, and January 31, 2014, totaling Rs. 1,56,25,393/-. The Corporate Debtor made a part payment, leaving Rs. 1,42,19,000/- outstanding. The Corporate Debtor acknowledged the debt in letters written between 2016 and 2018 but failed to make further payments. The Operational Creditor issued a demand notice on April 15, 2019, under Section 8 of the IBC, which the Corporate Debtor did not respond to.
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The case involves an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, filed by Avanti Resources Pvt Ltd (Operational Creditor) against Ahalya Trading Pvt Ltd (Corporate Debtor). The Corporate Debtor failed to appear despite multiple listings and prior notice. The Operational Creditor claims an amount of Rs. 1,42,19,000/- which includes principal and interest.
Avanti Resources Pvt Ltd (Operational Creditor) filed a petition under Section 9 of the IBC against Ahalya Trading Pvt Ltd (Corporate Debtor) for non-payment of dues. The Operational Creditor claimed Rs. 1,42,19,000/-, comprising a principal amount of Rs. 1,20,50,000/- and interest of Rs. 21,69,000/- as of March 31, 2019. The claim is based on two invoices dated January 30, 2014, and January 31, 2014, totaling Rs. 1,56,25,393/-. The Corporate Debtor made a part payment, leaving Rs. 1,42,19,000/- outstanding. The Corporate Debtor acknowledged the debt in letters written between 2016 and 2018 but failed to make further payments. The Operational Creditor issued a demand notice on April 15, 2019, under Section 8 of the IBC, which the Corporate Debtor did not respond to.
…One of the invo…
Another invoi…