The case pertains to a Company Petition filed by Harshad V. Vora, the Operational Creditor, against Atharva Metal Pvt. Ltd., the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The Operational Creditor alleged that the Corporate Debtor defaulted in making payment for invoices raised for goods supplied (H.R. Coils & C.R. Coils). The outstanding operational debt was Rs. 35,29,738/- excluding interest at 18% per annum from 01.07.2019. The Operational Creditor issued a demand notice under Section 8 of the Code on 19.07.2019.
Harshad V. Vora, the Operational Creditor, filed a Company Petition against Atharva Metal Pvt. Ltd., the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for goods (H.R. Coils & C.R. Coils) supplied. The total outstanding amount was Rs. 35,29,738/- excluding interest at 18% per annum from 01.07.2019. The Operational Creditor had raised invoices totaling Rs. 38,34,220/-, out of which Rs. 3,04,482/- was received. The terms of payment required the Corporate Debtor to make payments within 45 days of the invoice date. A demand notice was sent on 19.07.2019 under Section 8 of the Code. The Corporate Debtor failed to file a reply or make any representation before
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The Operational Creditor issued a Demand Notice…
The Corporate Debtor was set ex-parte as…
The case pertains to a Company Petition filed by Harshad V. Vora, the Operational Creditor, against Atharva Metal Pvt. Ltd., the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The Operational Creditor alleged that the Corporate Debtor defaulted in making payment for invoices raised for goods supplied (H.R. Coils & C.R. Coils). The outstanding operational debt was Rs. 35,29,738/- excluding interest at 18% per annum from 01.07.2019. The Operational Creditor issued a demand notice under Section 8 of the Code on 19.07.2019.
Harshad V. Vora, the Operational Creditor, filed a Company Petition against Atharva Metal Pvt. Ltd., the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for goods (H.R. Coils & C.R. Coils) supplied. The total outstanding amount was Rs. 35,29,738/- excluding interest at 18% per annum from 01.07.2019. The Operational Creditor had raised invoices totaling Rs. 38,34,220/-, out of which Rs. 3,04,482/- was received. The terms of payment required the Corporate Debtor to make payments within 45 days of the invoice date. A demand notice was sent on 19.07.2019 under Section 8 of the Code. The Corporate Debtor failed to file a reply or make any representation before
…The Operational Creditor issued a Demand Notice…
The Corporate Debtor was set ex-parte as…