The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Seemant Nahata, the Operational Creditor, against Divyaswarna (OPC) Private Limited, the Corporate Debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default amount of Rs. 9,83,989/-. The debt fell due on January 31, 2019, the date of invoice generation and the stated date of default.
Seemant Nahata, a proprietor of Dhruv Diamond, is the Operational Creditor. Divyaswarna (OPC) Private Limited is the Corporate Debtor. The Operational Creditor filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP against the Corporate Debtor. The total amount claimed in default is Rs. 9,83,989/-, which became due on January 31, 2019. The Operational Creditor is in the business of manufacturing and selling jewellery, while the Corporate Debtor is in the business of selling jewellery. The Operational Creditor sold goods to the Corporate Debtor for Rs. 30,80,921/- and raised two invoices. The Corporate Debtor made part payments of Rs. 20,96,932/- between January 23, 2019, and August 16, 2019. The Operational Creditor sent
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Date of generation of…
Corporate Debt…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Seemant Nahata, the Operational Creditor, against Divyaswarna (OPC) Private Limited, the Corporate Debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a default amount of Rs. 9,83,989/-. The debt fell due on January 31, 2019, the date of invoice generation and the stated date of default.
Seemant Nahata, a proprietor of Dhruv Diamond, is the Operational Creditor. Divyaswarna (OPC) Private Limited is the Corporate Debtor. The Operational Creditor filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP against the Corporate Debtor. The total amount claimed in default is Rs. 9,83,989/-, which became due on January 31, 2019. The Operational Creditor is in the business of manufacturing and selling jewellery, while the Corporate Debtor is in the business of selling jewellery. The Operational Creditor sold goods to the Corporate Debtor for Rs. 30,80,921/- and raised two invoices. The Corporate Debtor made part payments of Rs. 20,96,932/- between January 23, 2019, and August 16, 2019. The Operational Creditor sent
…Date of generation of…
Corporate Debt…