This case involves a Company Petition (CP (IB) No. 4555/MB/2018) filed by M/s. Shreerang Agencies (Operational Creditor - OC) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Alpack Paper Packaging Private Limited (Corporate Debtor - CD). The OC claimed a default amount of Rs. 51,15,180/- based on unpaid dues for the supply of goods, with the initial date of default mentioned as 01.04.2018. The OC contended that the cause of action survived due to a last payment made on 08.05.2018. The application was previously dismissed for non-prosecution but later restored. The OC and CD had a business relationship for decades, with the OC supplying packaging material/craft paper to the CD. The
…M/s. Shreerang Agencies (Operational Creditor - OC) filed a Company Petition (CP (IB) No. 4555/MB/2018) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Alpack Paper Packaging Private Limited (Corporate Debtor - CD). The OC claimed a default amount of Rs. 51,15,180/- based on unpaid dues for the supply of goods. The initial date of default was mentioned as 01.04.2018, but the OC contended that the cause of action survived due to a last payment made on 08.05.2018. The application was previously dismissed for non-prosecution but later restored. The OC and CD had a business relationship for decades, with the OC supplying packaging material/craft paper to the CD. The CD issued cheques
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M/s. Shreerang Agencies filed C.P. (IB) No.…
The aforesaid Application was earlier…
This case involves a Company Petition (CP (IB) No. 4555/MB/2018) filed by M/s. Shreerang Agencies (Operational Creditor - OC) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Alpack Paper Packaging Private Limited (Corporate Debtor - CD). The OC claimed a default amount of Rs. 51,15,180/- based on unpaid dues for the supply of goods, with the initial date of default mentioned as 01.04.2018. The OC contended that the cause of action survived due to a last payment made on 08.05.2018. The application was previously dismissed for non-prosecution but later restored. The OC and CD had a business relationship for decades, with the OC supplying packaging material/craft paper to the CD. The
…M/s. Shreerang Agencies (Operational Creditor - OC) filed a Company Petition (CP (IB) No. 4555/MB/2018) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Alpack Paper Packaging Private Limited (Corporate Debtor - CD). The OC claimed a default amount of Rs. 51,15,180/- based on unpaid dues for the supply of goods. The initial date of default was mentioned as 01.04.2018, but the OC contended that the cause of action survived due to a last payment made on 08.05.2018. The application was previously dismissed for non-prosecution but later restored. The OC and CD had a business relationship for decades, with the OC supplying packaging material/craft paper to the CD. The CD issued cheques
…M/s. Shreerang Agencies filed C.P. (IB) No.…
The aforesaid Application was earlier…