Ellen Barrie Exim Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The company claimed inability to pay debts to its supplier, Gulf Dune FZE, and other operational debts, citing difficulties in recovering dues from its customer, Bee Kay Distributors Ltd. The application was filed before the National Company Law Tribunal (NCLT), Kolkata.
Ellen Barrie Exim Limited, a company engaged in international trading of cut and polished diamonds, filed an application under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The company claimed to have imported 64 consignments of goods from Gulf Dune FZE, Sharjah, UAE, between October 2007 and March 2008, valued at $2,72,14,020.21. Out of this, $1,08,33,565.82 was paid up to July 2008, leaving a balance of $1,63,80,454.39 unpaid as of March 31, 2009, which was carried forward as of March 31, 2022. The company attributed the non-payment to their inability to collect dues from Bee Kay Distributors Ltd., Hong Kong, amounting to $1,55,07,678.06. The company also claimed to owe Rs. 20
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Ellen Barrie Exim Limited filed an application under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The company claimed inability to pay debts to its supplier, Gulf Dune FZE, and other operational debts, citing difficulties in recovering dues from its customer, Bee Kay Distributors Ltd. The application was filed before the National Company Law Tribunal (NCLT), Kolkata.
Ellen Barrie Exim Limited, a company engaged in international trading of cut and polished diamonds, filed an application under Section 10 of the Insolvency and Bankruptcy Code (IBC), 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). The company claimed to have imported 64 consignments of goods from Gulf Dune FZE, Sharjah, UAE, between October 2007 and March 2008, valued at $2,72,14,020.21. Out of this, $1,08,33,565.82 was paid up to July 2008, leaving a balance of $1,63,80,454.39 unpaid as of March 31, 2009, which was carried forward as of March 31, 2022. The company attributed the non-payment to their inability to collect dues from Bee Kay Distributors Ltd., Hong Kong, amounting to $1,55,07,678.06. The company also claimed to owe Rs. 20
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