Reem Tanners Private Limited, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Drish Shoes Limited, the corporate debtor, due to unpaid operational debt. The corporate debtor, Drish Shoes Limited, is a company incorporated under the Companies Act, 1956. The operational creditor claimed a default of Rs. 2,46,87,688.59 occurred on 02.05.2020. The operational creditor supplied goods (wet blue) to the corporate debtor and raised invoices, which were duly received and acknowledged. A demand notice in Form 3 & 4 dated 11.08.2021 was served on the corporate debtor.
Reem Tanners 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 Drish Shoes Limited (Corporate Debtor). The corporate debtor was incorporated on 09.03.1987 under the Companies Act, 1956. The operational creditor supplied goods (wet blue) to the corporate debtor, and invoices were raised, which were duly received and acknowledged. The amount claimed to be in default is Rs. 2,46,87,688.59, with the default occurring on 02.05.2020. A demand notice in Form 3 & 4 dated 11.08.2021 was served on the corporate debtor. The corporate debtor, in its reply dated 01.02.2022, stated it was unable to pay its creditors due to imminent losses. The
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Drish Shoes Lim…
The default occurred on…
Reem Tanners Private Limited, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Drish Shoes Limited, the corporate debtor, due to unpaid operational debt. The corporate debtor, Drish Shoes Limited, is a company incorporated under the Companies Act, 1956. The operational creditor claimed a default of Rs. 2,46,87,688.59 occurred on 02.05.2020. The operational creditor supplied goods (wet blue) to the corporate debtor and raised invoices, which were duly received and acknowledged. A demand notice in Form 3 & 4 dated 11.08.2021 was served on the corporate debtor.
Reem Tanners 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 Drish Shoes Limited (Corporate Debtor). The corporate debtor was incorporated on 09.03.1987 under the Companies Act, 1956. The operational creditor supplied goods (wet blue) to the corporate debtor, and invoices were raised, which were duly received and acknowledged. The amount claimed to be in default is Rs. 2,46,87,688.59, with the default occurring on 02.05.2020. A demand notice in Form 3 & 4 dated 11.08.2021 was served on the corporate debtor. The corporate debtor, in its reply dated 01.02.2022, stated it was unable to pay its creditors due to imminent losses. The
…Drish Shoes Lim…
The default occurred on…