The case originates from an application filed by M/S R.B Impex, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/S Greeneries Agro Private Limited, the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for imported fresh fruits supplied since September 2016. The application was filed due to the non-payment of an outstanding amount of Rs. 17,33,850/-. The Corporate Debtor was set ex parte due to their continuous non-appearance throughout the adjudication proceedings.
M/S R.B Impex, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/S Greeneries Agro Private Limited, a corporate debtor. The operational creditor had been supplying imported fresh fruits to the corporate debtor since September 2016, based on purchase orders received via WhatsApp. A running account was maintained for these transactions. As of September 20, 2019, the corporate debtor owed Rs. 17,33,850/- to the operational creditor. The corporate debtor defaulted on this payment. The operational creditor issued three cheques towards part payment, which were dishonored due to 'Funds Insufficient' and 'Stop Payment'. A demand notice was issued on
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Operational Creditor…
Corporate Debtor owes…
The case originates from an application filed by M/S R.B Impex, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/S Greeneries Agro Private Limited, the Corporate Debtor. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for imported fresh fruits supplied since September 2016. The application was filed due to the non-payment of an outstanding amount of Rs. 17,33,850/-. The Corporate Debtor was set ex parte due to their continuous non-appearance throughout the adjudication proceedings.
M/S R.B Impex, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/S Greeneries Agro Private Limited, a corporate debtor. The operational creditor had been supplying imported fresh fruits to the corporate debtor since September 2016, based on purchase orders received via WhatsApp. A running account was maintained for these transactions. As of September 20, 2019, the corporate debtor owed Rs. 17,33,850/- to the operational creditor. The corporate debtor defaulted on this payment. The operational creditor issued three cheques towards part payment, which were dishonored due to 'Funds Insufficient' and 'Stop Payment'. A demand notice was issued on
…Operational Creditor…
Corporate Debtor owes…