M/s G.S. Agencies, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s Jiva Steels Private Limited, the corporate debtor, due to default in payment of an alleged debt of Rs. 1,12,74,435/-. The operational creditor claimed that the corporate debtor had approached them for the supply of various products and though payments were initially regular, they became irregular since 2021.
M/s G.S. Agencies, an operational creditor, filed a petition against M/s Jiva Steels Private Limited, a corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed that the corporate debtor defaulted in payment of Rs. 1,12,74,435/- for the supply of materials. The corporate debtor had approached the operational creditor for the supply of various products. Initially, payments were made regularly, but they became irregular since 2021. The operational creditor issued a demand notice on 13.02.2023, which was served on the corporate debtor on 17.02.2023. The corporate debtor neither raised a dispute nor made any payment. The operational creditor also submitted a certificate from its bank confirming that there had been no
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M/s G.S. Agencies, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against M/s Jiva Steels Private Limited, the corporate debtor, due to default in payment of an alleged debt of Rs. 1,12,74,435/-. The operational creditor claimed that the corporate debtor had approached them for the supply of various products and though payments were initially regular, they became irregular since 2021.
M/s G.S. Agencies, an operational creditor, filed a petition against M/s Jiva Steels Private Limited, a corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016. The operational creditor claimed that the corporate debtor defaulted in payment of Rs. 1,12,74,435/- for the supply of materials. The corporate debtor had approached the operational creditor for the supply of various products. Initially, payments were made regularly, but they became irregular since 2021. The operational creditor issued a demand notice on 13.02.2023, which was served on the corporate debtor on 17.02.2023. The corporate debtor neither raised a dispute nor made any payment. The operational creditor also submitted a certificate from its bank confirming that there had been no
…Payments from the…
The Operational Creditor sends emails to the…