The application was filed by Nuttish Exim India Private Limited, the Operational Creditor, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Buyout Retail India Private Limited, the Corporate Debtor. The Operational Creditor provided Gold Bar scrap services to the Corporate Debtor, but payments for invoices raised on several occasions were not duly paid. The Corporate Debtor bought Gold Bar Scrap on 23.08.2023 via two invoices, with a total unpaid debt of Rs 1,09,23,641.93. The Operational Creditor sent emails and reminders seeking payment, and the Corporate Debtor admitted liability via email dated 01.09.2023, requesting time for payment. As no payment was made, the Operational Creditor issued a Demand Notice on 12.09.2023 under Section 8 of
…Nuttish Exim India Private Limited (Operational Creditor) filed an application seeking initiation of CIRP against Buyout Retail India Private Limited (Corporate Debtor). The Operational Creditor provided Gold Bar scrap services to the Corporate Debtor. The Corporate Debtor purchased Gold Bar Scrap on 23.08.2023 through two invoices. The total unpaid debt amounted to Rs 1,09,23,641.93. The Operational Creditor sent emails and reminders to the Corporate Debtor seeking payment. The Corporate Debtor admitted the liability via email dated 01.09.2023 and sought time for payment. The Corporate Debtor failed to make any payment, leading the Operational Creditor to issue a Demand Notice on 12.09.2023 under Section 8 of the Code. The Corporate Debtor stated in its reply
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The Corporate Debtor…
The Corporate Debtor…
The application was filed by Nuttish Exim India Private Limited, the Operational Creditor, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Buyout Retail India Private Limited, the Corporate Debtor. The Operational Creditor provided Gold Bar scrap services to the Corporate Debtor, but payments for invoices raised on several occasions were not duly paid. The Corporate Debtor bought Gold Bar Scrap on 23.08.2023 via two invoices, with a total unpaid debt of Rs 1,09,23,641.93. The Operational Creditor sent emails and reminders seeking payment, and the Corporate Debtor admitted liability via email dated 01.09.2023, requesting time for payment. As no payment was made, the Operational Creditor issued a Demand Notice on 12.09.2023 under Section 8 of
…Nuttish Exim India Private Limited (Operational Creditor) filed an application seeking initiation of CIRP against Buyout Retail India Private Limited (Corporate Debtor). The Operational Creditor provided Gold Bar scrap services to the Corporate Debtor. The Corporate Debtor purchased Gold Bar Scrap on 23.08.2023 through two invoices. The total unpaid debt amounted to Rs 1,09,23,641.93. The Operational Creditor sent emails and reminders to the Corporate Debtor seeking payment. The Corporate Debtor admitted the liability via email dated 01.09.2023 and sought time for payment. The Corporate Debtor failed to make any payment, leading the Operational Creditor to issue a Demand Notice on 12.09.2023 under Section 8 of the Code. The Corporate Debtor stated in its reply
…The Corporate Debtor…
The Corporate Debtor…