The case pertains to a Company Petition filed by M/s. PMC YM-Pharma Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Kevin Ventures LLP (Corporate Debtor). The Operational Creditor claims a total outstanding debt of Rs. 3,84,61,125/-, comprising a principal amount of Rs. 2,73,09,675/- and interest of Rs. 1,11,51,450/-. The Corporate Debtor opposed the admission of the petition, disputing the debt and the jurisdiction of the Tribunal.
M/s. PMC YM-Pharma Private Limited (Operational Creditor) filed a petition to initiate CIRP against M/s. Kevin Ventures LLP (Corporate Debtor) for a total outstanding debt of Rs. 3,84,61,125/-. The debt comprised a principal amount of Rs. 2,73,09,675/- and interest of Rs. 1,11,51,450/-. The Operational Creditor is a company registered in West Bengal and is a subsidiary of a Foreign Company, engaged in manufacturing chemical products. The Corporate Debtor is a Limited Liability Partnership firm registered in Mumbai, engaged in wholesale trade and commission trade. The Corporate Debtor purchased goods (FQ-Acid chemical component) from the Operational Creditor against nine purchase orders. The Operational Creditor delivered the goods, raised E-Way bills, paid GST, and
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M/S. KEVIN VENTURES LLP/Corporate Debtor is…
Insolvenc…
The case pertains to a Company Petition filed by M/s. PMC YM-Pharma Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s. Kevin Ventures LLP (Corporate Debtor). The Operational Creditor claims a total outstanding debt of Rs. 3,84,61,125/-, comprising a principal amount of Rs. 2,73,09,675/- and interest of Rs. 1,11,51,450/-. The Corporate Debtor opposed the admission of the petition, disputing the debt and the jurisdiction of the Tribunal.
M/s. PMC YM-Pharma Private Limited (Operational Creditor) filed a petition to initiate CIRP against M/s. Kevin Ventures LLP (Corporate Debtor) for a total outstanding debt of Rs. 3,84,61,125/-. The debt comprised a principal amount of Rs. 2,73,09,675/- and interest of Rs. 1,11,51,450/-. The Operational Creditor is a company registered in West Bengal and is a subsidiary of a Foreign Company, engaged in manufacturing chemical products. The Corporate Debtor is a Limited Liability Partnership firm registered in Mumbai, engaged in wholesale trade and commission trade. The Corporate Debtor purchased goods (FQ-Acid chemical component) from the Operational Creditor against nine purchase orders. The Operational Creditor delivered the goods, raised E-Way bills, paid GST, and
…M/S. KEVIN VENTURES LLP/Corporate Debtor is…
Insolvenc…