Bhartia Petro, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Hudli And Sons Metallics Pvt. Ltd., the Corporate Debtor. The Operational Creditor alleged that the Corporate Debtor defaulted in making payments for products supplied.
Bhartia Petro (Operational Creditor) filed a petition against Hudli And Sons Metallics Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating CIRP due to a payment default. The Corporate Debtor approached the Operational Creditor for 'BP Coat 2015' products, which were supplied from April 9, 2018, to February 7, 2019. The Operational Creditor raised 10 invoices during this period. The Corporate Debtor defaulted on a total sum of Rs. 3,15,352/- since May 8, 2019, the due date of the last invoice. A demand notice was sent on March 26, 2019, under Section 8 of the IBC, but the Corporate Debtor did not reply. The Corporate Debtor also failed to appear before the Tribunal despite notice, leading to an ex-parte order on
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The Operational…
The Operational Creditor stopped supplying…
Bhartia Petro, the Operational Creditor, filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Hudli And Sons Metallics Pvt. Ltd., the Corporate Debtor. The Operational Creditor alleged that the Corporate Debtor defaulted in making payments for products supplied.
Bhartia Petro (Operational Creditor) filed a petition against Hudli And Sons Metallics Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating CIRP due to a payment default. The Corporate Debtor approached the Operational Creditor for 'BP Coat 2015' products, which were supplied from April 9, 2018, to February 7, 2019. The Operational Creditor raised 10 invoices during this period. The Corporate Debtor defaulted on a total sum of Rs. 3,15,352/- since May 8, 2019, the due date of the last invoice. A demand notice was sent on March 26, 2019, under Section 8 of the IBC, but the Corporate Debtor did not reply. The Corporate Debtor also failed to appear before the Tribunal despite notice, leading to an ex-parte order on
…The Operational…
The Operational Creditor stopped supplying…