Royal Manpower Services, through its proprietor Mr. Vasudev, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Faridabad Autocomp System Private Limited, alleging a default of Rs. 14,15,544/- along with interest of Rs. 3,11,419. The Operational Creditor claimed to have provided manpower services to the Corporate Debtor in July and August 2017, raising invoices amounting to Rs. 49,95,331/-, with Rs. 11,04,125/- outstanding against invoices No 0029 and 0030 dated 01.09.2017. The Corporate Debtor contested the application, arguing that the petitioner concealed vital facts, that a sole proprietorship is not a legal entity, and that there was a pre-existing dispute between
…Royal Manpower Services, an operational creditor, filed an application to initiate CIRP against Faridabad Autocomp System Pvt. Ltd., the corporate debtor, under Section 9 of the IBC, claiming a default of Rs. 14,15,544/- plus interest of Rs. 3,11,419/- for unpaid manpower services provided in July and August 2017. The operational creditor sent a demand notice dated 07.08.2018, which was delivered via email on 08.08.2019 and physically on 09.08.2018. The corporate debtor replied on 29.08.2018. The corporate debtor argued that the operational creditor concealed vital facts, that a sole proprietorship cannot sue in its own name, and that a pre-existing dispute existed. The corporate debtor presented a police complaint dated 14.10.2017, alleging poor services, disruption
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Operational Creditor provided manpower…
Invoices No 0029 and…
Royal Manpower Services, through its proprietor Mr. Vasudev, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Faridabad Autocomp System Private Limited, alleging a default of Rs. 14,15,544/- along with interest of Rs. 3,11,419. The Operational Creditor claimed to have provided manpower services to the Corporate Debtor in July and August 2017, raising invoices amounting to Rs. 49,95,331/-, with Rs. 11,04,125/- outstanding against invoices No 0029 and 0030 dated 01.09.2017. The Corporate Debtor contested the application, arguing that the petitioner concealed vital facts, that a sole proprietorship is not a legal entity, and that there was a pre-existing dispute between
…Royal Manpower Services, an operational creditor, filed an application to initiate CIRP against Faridabad Autocomp System Pvt. Ltd., the corporate debtor, under Section 9 of the IBC, claiming a default of Rs. 14,15,544/- plus interest of Rs. 3,11,419/- for unpaid manpower services provided in July and August 2017. The operational creditor sent a demand notice dated 07.08.2018, which was delivered via email on 08.08.2019 and physically on 09.08.2018. The corporate debtor replied on 29.08.2018. The corporate debtor argued that the operational creditor concealed vital facts, that a sole proprietorship cannot sue in its own name, and that a pre-existing dispute existed. The corporate debtor presented a police complaint dated 14.10.2017, alleging poor services, disruption
…Operational Creditor provided manpower…
Invoices No 0029 and…