The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) against Dor Tech Doors India Private Limited, claimed to be the corporate debtor, by the operational creditor, Newgen Specialty Plastics Limited through its liquidator, Mr. Anil Kumar. The operational creditor claimed an unpaid operational debt.
Newgen Specialty Plastics Limited, through its liquidator Anil Kumar, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Dor Tech Doors India Private Limited, the corporate debtor. Newgen Specialty Plastics Limited claimed to be an operational creditor. They had supplied 5,000 kg of Isocynate-2929 for Rs. 13,45,200.00 against an invoice dated 26.03.2018, and later the Corporate Debtor purchased 5,000 kg of Isocynate-2929 for Rs. 12,86,200.00 on 28.03.2018. A demand notice was sent on 27.01.2020 demanding payment of the unpaid operational debt. The Corporate Debtor did not submit a reply to the application. The total unpaid amount was Rs. 31,88,195/-.
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Invoice dated 26.03.2018 was issued for supply…
Corporate Debtor purchased 5,000.00 kg of…
The case pertains to an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, for initiating the Corporate Insolvency Resolution Process (CIRP) against Dor Tech Doors India Private Limited, claimed to be the corporate debtor, by the operational creditor, Newgen Specialty Plastics Limited through its liquidator, Mr. Anil Kumar. The operational creditor claimed an unpaid operational debt.
Newgen Specialty Plastics Limited, through its liquidator Anil Kumar, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Dor Tech Doors India Private Limited, the corporate debtor. Newgen Specialty Plastics Limited claimed to be an operational creditor. They had supplied 5,000 kg of Isocynate-2929 for Rs. 13,45,200.00 against an invoice dated 26.03.2018, and later the Corporate Debtor purchased 5,000 kg of Isocynate-2929 for Rs. 12,86,200.00 on 28.03.2018. A demand notice was sent on 27.01.2020 demanding payment of the unpaid operational debt. The Corporate Debtor did not submit a reply to the application. The total unpaid amount was Rs. 31,88,195/-.
Invoice dated 26.03.2018 was issued for supply…
Corporate Debtor purchased 5,000.00 kg of…