The case pertains to an application filed by Tanishi Tradewell Private Limited, the Operational Creditor (OC), under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC), read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Green Shield Enterprises Private Limited, the Corporate Debtor (CD). The application was filed due to an alleged default of operational debt amounting to Rs. 5,62,66,435/-.
Tanishi Tradewell Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Green Shield Enterprises Private Limited (Corporate Debtor) due to a default in payment of operational debt amounting to Rs. 5,62,66,435/-. The Operational Creditor is engaged in the business of trading in Greige Goods. The Corporate Debtor purchased Cotton Linen Printed Fabrics from the Operational Creditor vide Purchase Order dated 01.03.2020, with receipt acknowledged via delivery notes dated 21.03.2020 and 23.03.2020. A demand notice (Form 4) dated 11.02.2023 was issued to the Corporate Debtor. The Corporate Debtor acknowledged the balance due in its Balance
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The Corporate Debtor purchased Cotton Linen…
Delivery Notes…
The case pertains to an application filed by Tanishi Tradewell Private Limited, the Operational Creditor (OC), under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC), read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Green Shield Enterprises Private Limited, the Corporate Debtor (CD). The application was filed due to an alleged default of operational debt amounting to Rs. 5,62,66,435/-.
Tanishi Tradewell Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Green Shield Enterprises Private Limited (Corporate Debtor) due to a default in payment of operational debt amounting to Rs. 5,62,66,435/-. The Operational Creditor is engaged in the business of trading in Greige Goods. The Corporate Debtor purchased Cotton Linen Printed Fabrics from the Operational Creditor vide Purchase Order dated 01.03.2020, with receipt acknowledged via delivery notes dated 21.03.2020 and 23.03.2020. A demand notice (Form 4) dated 11.02.2023 was issued to the Corporate Debtor. The Corporate Debtor acknowledged the balance due in its Balance
…The Corporate Debtor purchased Cotton Linen…
Delivery Notes…