Kuber Shree Construction Company, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Gardenia India Limited, the corporate debtor, due to an alleged default of Rs. 1,28,07,911/-.
Kuber Shree Construction Company is the Operational Creditor.
Gardenia India Limited is the Corporate Debtor.
The application was filed under Section 9 of the IBC, 2016.
The alleged default amount is Rs. 1,28,07,911/-.
The Corporate Debtor issued a work order dated 22.01.2023 to the Operational Creditor.
The Operational Creditor raised 21 invoices from 03.04.2023 to 15.07.2024 for a total amount of Rs. 1,13,62,244/-.
The Corporate Debtor failed to make any payment of the invoices.
The Operational Creditor issued a Demand Notice under Section 8 of the Code dated 18.10.2024.
The Corporate Debtor remitted Rs. 2 Lakhs on 25.10.2024.
The Corporate Debtor admitted to receiving 21 invoices and acknowledged the outstanding operational debt.
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Corporate Debtor issued…
Start date of the…
Kuber Shree Construction Company, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Gardenia India Limited, the corporate debtor, due to an alleged default of Rs. 1,28,07,911/-.
Kuber Shree Construction Company is the Operational Creditor.
Gardenia India Limited is the Corporate Debtor.
The application was filed under Section 9 of the IBC, 2016.
The alleged default amount is Rs. 1,28,07,911/-.
The Corporate Debtor issued a work order dated 22.01.2023 to the Operational Creditor.
The Operational Creditor raised 21 invoices from 03.04.2023 to 15.07.2024 for a total amount of Rs. 1,13,62,244/-.
The Corporate Debtor failed to make any payment of the invoices.
The Operational Creditor issued a Demand Notice under Section 8 of the Code dated 18.10.2024.
The Corporate Debtor remitted Rs. 2 Lakhs on 25.10.2024.
The Corporate Debtor admitted to receiving 21 invoices and acknowledged the outstanding operational debt.
Corporate Debtor issued…
Start date of the…