The case pertains to a petition filed by Pan Oceanic Seed Solutions Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Camson Seeds Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on a total outstanding amount of Rs. 1,08,09,250/-. The Corporate Debtor acknowledged its debt through various letters and made partial payments, but failed to clear the outstanding dues. The Operational Creditor issued a demand notice, but the Corporate Debtor failed to respond or make payments.
Pan Oceanic Seed Solutions Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Camson Seeds Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on a total outstanding amount of Rs. 1,08,09,250/-. The Operational Creditor is engaged in trading seeds, researching in products such as bioinsecticides, and biofungicides. In 2017, the Corporate Debtor approached the Operational Creditor to purchase certain biotechnology agricultural products. The Operational Creditor supplied various seeds, including Watermelon Seeds, Ridge Gourd, Chilly, Okra, Tomato, Bitter Gourd, and Bottle Gourd. Invoices were
…Sign in to view the parties.
The Operational…
The first default…
The case pertains to a petition filed by Pan Oceanic Seed Solutions Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Camson Seeds Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on a total outstanding amount of Rs. 1,08,09,250/-. The Corporate Debtor acknowledged its debt through various letters and made partial payments, but failed to clear the outstanding dues. The Operational Creditor issued a demand notice, but the Corporate Debtor failed to respond or make payments.
Pan Oceanic Seed Solutions Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Camson Seeds Limited (Corporate Debtor). The Operational Creditor claimed that the Corporate Debtor defaulted on a total outstanding amount of Rs. 1,08,09,250/-. The Operational Creditor is engaged in trading seeds, researching in products such as bioinsecticides, and biofungicides. In 2017, the Corporate Debtor approached the Operational Creditor to purchase certain biotechnology agricultural products. The Operational Creditor supplied various seeds, including Watermelon Seeds, Ridge Gourd, Chilly, Okra, Tomato, Bitter Gourd, and Bottle Gourd. Invoices were
…The Operational…
The first default…