M/s BMSS Steel Industries Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Forge India Private Limited, the Corporate Debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP). The petitioner claimed that the corporate debtor defaulted in payment of dues for the supply of 'Alloy Steel Forged Bar'. The petitioner issued a demand notice under Section 8 of the IBC, 2016, which was duly served to the corporate debtor. The corporate debtor admitted to the outstanding payment to the extent of the principal amount only but claimed financial unviability.
M/s BMSS Steel Industries Private Limited (the Petitioner), an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against M/s Forge India Private Limited (the Corporate Debtor) for defaulting on payments for the supply of 'Alloy Steel Forged Bar'. The Petitioner claimed that invoices dated 21.06.2018 for ₹1,06,519/- and 14.08.2018 for ₹2,14,559/-, along with interest of ₹50,301/- and legal expenses of ₹50,000/-, totaling ₹4,21,379/-, were outstanding. A demand notice was issued on 03.05.2019 under Section 8 of the IBC. The Corporate Debtor, in its reply dated 15.12.2021, admitted the outstanding payment to the extent of the principal amount only but claimed financial unviability. The petition was filed on
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Invoice dated…
Invoice dated…
M/s BMSS Steel Industries Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Forge India Private Limited, the Corporate Debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP). The petitioner claimed that the corporate debtor defaulted in payment of dues for the supply of 'Alloy Steel Forged Bar'. The petitioner issued a demand notice under Section 8 of the IBC, 2016, which was duly served to the corporate debtor. The corporate debtor admitted to the outstanding payment to the extent of the principal amount only but claimed financial unviability.
M/s BMSS Steel Industries Private Limited (the Petitioner), an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against M/s Forge India Private Limited (the Corporate Debtor) for defaulting on payments for the supply of 'Alloy Steel Forged Bar'. The Petitioner claimed that invoices dated 21.06.2018 for ₹1,06,519/- and 14.08.2018 for ₹2,14,559/-, along with interest of ₹50,301/- and legal expenses of ₹50,000/-, totaling ₹4,21,379/-, were outstanding. A demand notice was issued on 03.05.2019 under Section 8 of the IBC. The Corporate Debtor, in its reply dated 15.12.2021, admitted the outstanding payment to the extent of the principal amount only but claimed financial unviability. The petition was filed on
…Invoice dated…
Invoice dated…