The case involves an application filed by Mr. Rakesh Sharma, the sole proprietor of M/s Rakesh Traders (Operational Creditor/Applicant), seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Cosmopolis Interiors Private Limited (Corporate Debtor/Respondent) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The applicant is in the business of supplying timber, plywood, wooden and moulding. The applicant alleges default on the part of the corporate debtor for non-payment of operational dues amounting to Rs. 12,29,027/-. The Corporate Debtor approached the Applicant for the supply of various types of woods, plywood, and several other goods that the Applicant deals in. An oral understanding was reached between the Applicant and the
…Mr. Rakesh Sharma, the sole proprietor of M/s Rakesh Traders, filed an application to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Cosmopolis Interiors Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. M/s Rakesh Traders is in the business of supplying timber, plywood, wooden and moulding. The Corporate Debtor approached the Applicant for the supply of various types of woods, plywood, and several other goods that the Applicant deals in. An oral understanding was reached between the Applicant and the Corporate Debtor and pursuant to this understanding, the Corporate Debtor placed orders for various goods, which the Applicant duly fulfilled. Accordingly, the Applicant issued invoices to the
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M/s Cosmopolis…
The Applicant started…
The case involves an application filed by Mr. Rakesh Sharma, the sole proprietor of M/s Rakesh Traders (Operational Creditor/Applicant), seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Cosmopolis Interiors Private Limited (Corporate Debtor/Respondent) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The applicant is in the business of supplying timber, plywood, wooden and moulding. The applicant alleges default on the part of the corporate debtor for non-payment of operational dues amounting to Rs. 12,29,027/-. The Corporate Debtor approached the Applicant for the supply of various types of woods, plywood, and several other goods that the Applicant deals in. An oral understanding was reached between the Applicant and the
…Mr. Rakesh Sharma, the sole proprietor of M/s Rakesh Traders, filed an application to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Cosmopolis Interiors Private Limited, the Corporate Debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. M/s Rakesh Traders is in the business of supplying timber, plywood, wooden and moulding. The Corporate Debtor approached the Applicant for the supply of various types of woods, plywood, and several other goods that the Applicant deals in. An oral understanding was reached between the Applicant and the Corporate Debtor and pursuant to this understanding, the Corporate Debtor placed orders for various goods, which the Applicant duly fulfilled. Accordingly, the Applicant issued invoices to the
…M/s Cosmopolis…
The Applicant started…