The Operational Creditor, Sundram Fasteners Limited, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against the Corporate Debtor, Amul Industries Private Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor had defaulted on payments for goods supplied. The default amount was stated to be Rs. 2,02,89,708/-, with the date of default mentioned as 17.12.2022. The Corporate Debtor admitted the liability but failed to make the payment as promised.
Sundram Fasteners Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Amul Industries Private Limited, the Corporate Debtor. The Corporate Debtor was incorporated on 30.05.1995 with a nominal share capital of Rs. 5,00,00,000/- and a paid-up share capital of Rs. 4,55,00,000/-. The Operational Creditor supplied various types of Con Rod Bolts, Shaft Balance Weight Bolts, and Nuts to the Corporate Debtor pursuant to purchase orders. The supplies were made to the Corporate Debtor's units in Rajkot (Gujarat) and Ranipet (Tamilnadu) during the period 04.03.2021 to 06.04.2022 (Rajkot) and 03.08.2022 to 18.10.2022 (Ranipet). The default amount was stated to be Rs. 2,02,89,708/-, with the date of default
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Amul Industries…
TCS collectib…
The Operational Creditor, Sundram Fasteners Limited, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against the Corporate Debtor, Amul Industries Private Limited, seeking to initiate the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed that the Corporate Debtor had defaulted on payments for goods supplied. The default amount was stated to be Rs. 2,02,89,708/-, with the date of default mentioned as 17.12.2022. The Corporate Debtor admitted the liability but failed to make the payment as promised.
Sundram Fasteners Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Amul Industries Private Limited, the Corporate Debtor. The Corporate Debtor was incorporated on 30.05.1995 with a nominal share capital of Rs. 5,00,00,000/- and a paid-up share capital of Rs. 4,55,00,000/-. The Operational Creditor supplied various types of Con Rod Bolts, Shaft Balance Weight Bolts, and Nuts to the Corporate Debtor pursuant to purchase orders. The supplies were made to the Corporate Debtor's units in Rajkot (Gujarat) and Ranipet (Tamilnadu) during the period 04.03.2021 to 06.04.2022 (Rajkot) and 03.08.2022 to 18.10.2022 (Ranipet). The default amount was stated to be Rs. 2,02,89,708/-, with the date of default
…Amul Industries…
TCS collectib…