The case pertains to an application filed by M/s. Agarwal Coal Corporation Pvt. Ltd., the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s. Aryan Ispat and Power Pvt. Ltd. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for goods supplied during the period from 2021 to 2023.
M/s. Agarwal Coal Corporation Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Aryan Ispat and Power Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that it supplied goods to the Corporate Debtor between 2021 and 2023, amounting to Rs. 33,60,06,642.85/-. Out of this amount, the Corporate Debtor paid Rs. 28,62,84,181.69/-, leaving an outstanding amount of Rs. 6,13,48,161.98/-. The Operational Creditor issued a demand notice on 06.07.2023. The Corporate Debtor filed a reply affidavit denying the allegations. The Operational Creditor argued that the outstanding amount included principal (Rs. 4,97,22,461.16/-) and interest
…Sign in to view the parties.
Operational Creditor supplied goods to the…
Operational Creditor sent a demand notice to…
The case pertains to an application filed by M/s. Agarwal Coal Corporation Pvt. Ltd., the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, M/s. Aryan Ispat and Power Pvt. Ltd. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for goods supplied during the period from 2021 to 2023.
M/s. Agarwal Coal Corporation Pvt. Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Aryan Ispat and Power Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed that it supplied goods to the Corporate Debtor between 2021 and 2023, amounting to Rs. 33,60,06,642.85/-. Out of this amount, the Corporate Debtor paid Rs. 28,62,84,181.69/-, leaving an outstanding amount of Rs. 6,13,48,161.98/-. The Operational Creditor issued a demand notice on 06.07.2023. The Corporate Debtor filed a reply affidavit denying the allegations. The Operational Creditor argued that the outstanding amount included principal (Rs. 4,97,22,461.16/-) and interest
…Operational Creditor supplied goods to the…
Operational Creditor sent a demand notice to…