Silveroak Home Appliances Pvt. Ltd. filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Indian Refrigerator Company Ltd. The operational debt claimed was Rs.3,03,09,574/- (principal+interest). A demand notice dated 06.11.2023 was sent to the Corporate Debtor, who replied seeking time to make payment. The Operational Creditor claimed to have supplied goods between 8th April 2021 and 3rd January 2022, for which payments were not made.
Silveroak Home Appliances Pvt. Ltd. (Operational Creditor) supplied goods to Indian Refrigerator Company Ltd. (Corporate Debtor) between April 8, 2021, and January 3, 2022. The Corporate Debtor failed to make payments for these goods, leading to an operational debt of Rs. 3,03,09,574/-. The Operational Creditor sent a demand notice dated November 6, 2023, which was delivered to the Corporate Debtor on November 23 and 24, 2023, via email and speed post, respectively. The Corporate Debtor replied on November 29, 2023, acknowledging the debt and seeking time to make the payment. The Corporate Debtor initially disputed the quality of goods but later accepted that the issues were rectified. The Corporate Debtor proposed a settlement and requested time to clear the debt in
…Sign in to view the parties.
Operational Creditor…
Operational Creditor…
Silveroak Home Appliances Pvt. Ltd. filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Indian Refrigerator Company Ltd. The operational debt claimed was Rs.3,03,09,574/- (principal+interest). A demand notice dated 06.11.2023 was sent to the Corporate Debtor, who replied seeking time to make payment. The Operational Creditor claimed to have supplied goods between 8th April 2021 and 3rd January 2022, for which payments were not made.
Silveroak Home Appliances Pvt. Ltd. (Operational Creditor) supplied goods to Indian Refrigerator Company Ltd. (Corporate Debtor) between April 8, 2021, and January 3, 2022. The Corporate Debtor failed to make payments for these goods, leading to an operational debt of Rs. 3,03,09,574/-. The Operational Creditor sent a demand notice dated November 6, 2023, which was delivered to the Corporate Debtor on November 23 and 24, 2023, via email and speed post, respectively. The Corporate Debtor replied on November 29, 2023, acknowledging the debt and seeking time to make the payment. The Corporate Debtor initially disputed the quality of goods but later accepted that the issues were rectified. The Corporate Debtor proposed a settlement and requested time to clear the debt in
…Operational Creditor…
Operational Creditor…