The case involves a petition filed by JMC Metals Private Limited, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Jans Copper Private Limited, the Corporate Debtor. The petition was filed on 20.08.2019, claiming a total amount of Rs. 2,13,93,104, comprising Rs. 2,02,14,140 towards principal and Rs. 11,78,964 towards interest till 30.06.2019. The Operational Creditor claimed that the Corporate Debtor defaulted in remitting the amount, and the Part IV of Form 5 specifies the date of default. The Operational Creditor supplied Copper Rod to the Corporate Debtor, purchased from M/s. S.R Metals, Colombo, and raised Commercial Invoices. The Corporate Debtor
…JMC Metals Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, against Jans Copper Private Limited (Corporate Debtor) seeking initiation of Corporate Insolvency Resolution Process (CIRP). The petition was filed on 20.08.2019, claiming Rs. 2,13,93,104, including principal (Rs. 2,02,14,140) and interest (Rs. 11,78,964) till 30.06.2019. The Operational Creditor supplied Copper Rod to the Corporate Debtor based on commercial invoices issued on 26.05.2018, 07.09.2018, and 23.12.2018. The amount claimed also included Rs. 11,78,964 due under Invoice No ST/1819/0000810 dated 08.03.2019. The Corporate Debtor issued cheques totaling Rs. 1,60,00,000 between 01.04.2019 and 05.06.2019, which were dishonored due
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Operational Creditor…
Operational Creditor…
The case involves a petition filed by JMC Metals Private Limited, the Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Jans Copper Private Limited, the Corporate Debtor. The petition was filed on 20.08.2019, claiming a total amount of Rs. 2,13,93,104, comprising Rs. 2,02,14,140 towards principal and Rs. 11,78,964 towards interest till 30.06.2019. The Operational Creditor claimed that the Corporate Debtor defaulted in remitting the amount, and the Part IV of Form 5 specifies the date of default. The Operational Creditor supplied Copper Rod to the Corporate Debtor, purchased from M/s. S.R Metals, Colombo, and raised Commercial Invoices. The Corporate Debtor
…JMC Metals Private Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, against Jans Copper Private Limited (Corporate Debtor) seeking initiation of Corporate Insolvency Resolution Process (CIRP). The petition was filed on 20.08.2019, claiming Rs. 2,13,93,104, including principal (Rs. 2,02,14,140) and interest (Rs. 11,78,964) till 30.06.2019. The Operational Creditor supplied Copper Rod to the Corporate Debtor based on commercial invoices issued on 26.05.2018, 07.09.2018, and 23.12.2018. The amount claimed also included Rs. 11,78,964 due under Invoice No ST/1819/0000810 dated 08.03.2019. The Corporate Debtor issued cheques totaling Rs. 1,60,00,000 between 01.04.2019 and 05.06.2019, which were dishonored due
…Operational Creditor…
Operational Creditor…