The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Coastal International Private Limited (Operational Creditor) against AT&F India Fabrication Private Limited (Corporate Debtor) for default in repaying an amount of ₹67,74,372.52 along with interest. The Operational Creditor claimed that the Corporate Debtor failed to pay for work done as per a Letter of Intent and Work Order. The Corporate Debtor did not appear for the hearing or file any reply to the petition.
Coastal International Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against AT&F India Fabrication Private Limited (Corporate Debtor). The claim was for ₹67,74,372.52 plus interest, arising from unpaid invoices for work done. The Operational Creditor based its claim on a Letter of Intent (LOI) and Work Order issued by the Corporate Debtor. The Corporate Debtor had made partial payments but failed to pay the full amount. The Operational Creditor issued a Section 8 notice, to which the Corporate Debtor requested an inspection of documents. The Corporate Debtor was granted an opportunity to reply but failed to do so. The Corporate Debtor did not appear for the hearing. The application was filed
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Quotation (Revised)…
Corporate Debtor issued Letter of…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Coastal International Private Limited (Operational Creditor) against AT&F India Fabrication Private Limited (Corporate Debtor) for default in repaying an amount of ₹67,74,372.52 along with interest. The Operational Creditor claimed that the Corporate Debtor failed to pay for work done as per a Letter of Intent and Work Order. The Corporate Debtor did not appear for the hearing or file any reply to the petition.
Coastal International Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against AT&F India Fabrication Private Limited (Corporate Debtor). The claim was for ₹67,74,372.52 plus interest, arising from unpaid invoices for work done. The Operational Creditor based its claim on a Letter of Intent (LOI) and Work Order issued by the Corporate Debtor. The Corporate Debtor had made partial payments but failed to pay the full amount. The Operational Creditor issued a Section 8 notice, to which the Corporate Debtor requested an inspection of documents. The Corporate Debtor was granted an opportunity to reply but failed to do so. The Corporate Debtor did not appear for the hearing. The application was filed
…Quotation (Revised)…
Corporate Debtor issued Letter of…