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 is a company incorporated on 09.03.1987. The operational creditor claimed a default of Rs. 2,46,87,688.59 occurred on 02.05.2020. A demand notice was served on the corporate debtor on 11.08.2021.
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. The Operational Creditor claimed that the Corporate Debtor defaulted on an operational debt amounting to Rs. 2,46,87,688.59, with the default occurring on 02.05.2020. The Operational Creditor served a demand notice to the Corporate Debtor on 11.08.2021. The Corporate Debtor admitted its inability to pay its outstanding debts. The operational creditor supplied goods to the corporate debtor and raised invoices. Ledger accounts maintained by the operational creditor were attached as
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Drish Shoes Lim…
Amendment in threshold…
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 is a company incorporated on 09.03.1987. The operational creditor claimed a default of Rs. 2,46,87,688.59 occurred on 02.05.2020. A demand notice was served on the corporate debtor on 11.08.2021.
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. The Operational Creditor claimed that the Corporate Debtor defaulted on an operational debt amounting to Rs. 2,46,87,688.59, with the default occurring on 02.05.2020. The Operational Creditor served a demand notice to the Corporate Debtor on 11.08.2021. The Corporate Debtor admitted its inability to pay its outstanding debts. The operational creditor supplied goods to the corporate debtor and raised invoices. Ledger accounts maintained by the operational creditor were attached as
…Drish Shoes Lim…
Amendment in threshold…