RDC Concrete India Private Limited, the Operational Creditor (OC), filed a company petition against BGR Energy Systems Limited, the Corporate Debtor (CD), seeking to initiate Corporate Insolvency Resolution Process (CIRP). The OC claimed that the CD defaulted in discharging a debt of Rs. 7,15,21,249/-, which includes a principal amount of Rs. 6,39,21,113/- and interest of Rs. 77,03,454/- at 18% per annum. The OC is a private limited company engaged in the manufacture and supply of Ready-Mix Concrete (RMC). The CD is a limited company incorporated on 18.02.1985 and is in the business of construction and allied activities. The CD approached the OC for sub-contracting the work of installation and operation of an RMC batching plant at Ghatampur, UP, and issued various
…RDC Concrete India Private Limited (Operational Creditor - OC) filed a petition against BGR Energy Systems Limited (Corporate Debtor - CD) to initiate Corporate Insolvency Resolution Process (CIRP) due to a default in payment. The OC claimed a total debt of Rs. 7,15,21,249/-, comprising a principal amount of Rs. 6,39,21,113/- and interest of Rs. 77,03,454/- at 18% per annum. The OC is in the business of manufacturing and supplying Ready-Mix Concrete (RMC). The CD, incorporated on 18.02.1985, operates in the construction and allied activities sector. The CD engaged the OC for sub-contracting work related to an RMC batching plant at Ghatampur, UP, issuing purchase orders, work orders, and service orders. The OC supplied goods and services to the CD, issuing invoices
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BGR Energy S…
Operational Creditor…
RDC Concrete India Private Limited, the Operational Creditor (OC), filed a company petition against BGR Energy Systems Limited, the Corporate Debtor (CD), seeking to initiate Corporate Insolvency Resolution Process (CIRP). The OC claimed that the CD defaulted in discharging a debt of Rs. 7,15,21,249/-, which includes a principal amount of Rs. 6,39,21,113/- and interest of Rs. 77,03,454/- at 18% per annum. The OC is a private limited company engaged in the manufacture and supply of Ready-Mix Concrete (RMC). The CD is a limited company incorporated on 18.02.1985 and is in the business of construction and allied activities. The CD approached the OC for sub-contracting the work of installation and operation of an RMC batching plant at Ghatampur, UP, and issued various
…RDC Concrete India Private Limited (Operational Creditor - OC) filed a petition against BGR Energy Systems Limited (Corporate Debtor - CD) to initiate Corporate Insolvency Resolution Process (CIRP) due to a default in payment. The OC claimed a total debt of Rs. 7,15,21,249/-, comprising a principal amount of Rs. 6,39,21,113/- and interest of Rs. 77,03,454/- at 18% per annum. The OC is in the business of manufacturing and supplying Ready-Mix Concrete (RMC). The CD, incorporated on 18.02.1985, operates in the construction and allied activities sector. The CD engaged the OC for sub-contracting work related to an RMC batching plant at Ghatampur, UP, issuing purchase orders, work orders, and service orders. The OC supplied goods and services to the CD, issuing invoices
…BGR Energy S…
Operational Creditor…