The case originates from a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Rajat (Sole Proprietor) RJ Enterprises, an operational creditor, against Crest Steel UNA Private Limited, the corporate debtor. The operational creditor claimed default on payments for supplied iron and steel products. The petition seeks to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor.
Rajat (Sole Proprietor) RJ Enterprises, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Crest Steel UNA Private Limited, the corporate debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The operational creditor supplied iron and steel products to the corporate debtor based on purchase orders. The corporate debtor defaulted on payments, with the amount claimed to be in default being Rs. 1,52,47,560/- including interest. A demand notice in Form 3 dated 30.10.2019 was issued to the corporate debtor. The corporate debtor admitted its liability and inability to pay the debt. The application was filed on 15.11.2019. The corporate debtor's liability was admitted, and the default amount
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Crest Steel UNA…
The date th…
The case originates from a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by Rajat (Sole Proprietor) RJ Enterprises, an operational creditor, against Crest Steel UNA Private Limited, the corporate debtor. The operational creditor claimed default on payments for supplied iron and steel products. The petition seeks to initiate the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor.
Rajat (Sole Proprietor) RJ Enterprises, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Crest Steel UNA Private Limited, the corporate debtor, for initiating the Corporate Insolvency Resolution Process (CIRP). The operational creditor supplied iron and steel products to the corporate debtor based on purchase orders. The corporate debtor defaulted on payments, with the amount claimed to be in default being Rs. 1,52,47,560/- including interest. A demand notice in Form 3 dated 30.10.2019 was issued to the corporate debtor. The corporate debtor admitted its liability and inability to pay the debt. The application was filed on 15.11.2019. The corporate debtor's liability was admitted, and the default amount
…Crest Steel UNA…
The date th…