The case involves an application filed by M/s. Choice Wires Private Limited, the Operational Creditor/Petitioner, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Indicarb Limited, the Corporate Debtor/Respondent. The application is supported by an affidavit dated 29.03.2022. The Corporate Debtor is a company registered under the Companies Act, 1956, incorporated on 26.03.1975. The Operational Creditor supplied MS Bright and Special Steel Bars to the Corporate Debtor, against which a default of Rs.4,66,48,000/- occurred.
M/s. Choice Wires Pvt Ltd, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Indicarb Limited, the Corporate Debtor. The Corporate Debtor was incorporated on 26.03.1975. The Operational Creditor supplied MS Bright and Special Steel Bars to the Corporate Debtor. The Corporate Debtor issued a Purchase Order for 350 MT of Goods on 03.04.2006. The Operational Creditor supplied the goods from 06.04.2006 to 26.06.2006. The Corporate Debtor failed to make the payment, leading to a default amount of Rs.4,66,48,000/-. A notice of payment was issued on 28.07.2006. The Corporate Debtor acknowledged the debt in its balance sheet and other written
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M/s. Indicarb…
Operational Creditor supplied the sample of…
The case involves an application filed by M/s. Choice Wires Private Limited, the Operational Creditor/Petitioner, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Indicarb Limited, the Corporate Debtor/Respondent. The application is supported by an affidavit dated 29.03.2022. The Corporate Debtor is a company registered under the Companies Act, 1956, incorporated on 26.03.1975. The Operational Creditor supplied MS Bright and Special Steel Bars to the Corporate Debtor, against which a default of Rs.4,66,48,000/- occurred.
M/s. Choice Wires Pvt Ltd, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Indicarb Limited, the Corporate Debtor. The Corporate Debtor was incorporated on 26.03.1975. The Operational Creditor supplied MS Bright and Special Steel Bars to the Corporate Debtor. The Corporate Debtor issued a Purchase Order for 350 MT of Goods on 03.04.2006. The Operational Creditor supplied the goods from 06.04.2006 to 26.06.2006. The Corporate Debtor failed to make the payment, leading to a default amount of Rs.4,66,48,000/-. A notice of payment was issued on 28.07.2006. The Corporate Debtor acknowledged the debt in its balance sheet and other written
…M/s. Indicarb…
Operational Creditor supplied the sample of…