The case involves an application filed by Kotharishah Texturisers Private Ltd. (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Kimaya Industries Private Limited (Corporate Debtor). The application was filed due to the corporate debtor's failure to pay an outstanding debt of Rs. 1,63,57,009.49, which includes an interest component of Rs. 56,78,665.47, for goods supplied between 02.09.2019 and 19.12.2019. The applicant issued demand notices, which the corporate debtor denied. The corporate debtor contested the application, claiming the applicant failed to provide sufficient documentation and that the interest claim was not valid.
Kotharishah Texturisers Private Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Kimaya Industries Private Limited (Corporate Debtor). The application was based on an alleged default in payment of Rs. 1,63,57,009.49, which includes an interest component of Rs. 56,78,665.47, for goods supplied between 02.09.2019 and 19.12.2019. The applicant issued demand notices, which the corporate debtor denied. The corporate debtor contested the application, claiming the applicant failed to provide sufficient documentation and that the interest claim was not valid. The corporate debtor also alleged that the applicant had included goods supplied to other
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Goods supplied by Kotharishah Texturisers…
Last date of goods supplied by Kotharishah…
The case involves an application filed by Kotharishah Texturisers Private Ltd. (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Kimaya Industries Private Limited (Corporate Debtor). The application was filed due to the corporate debtor's failure to pay an outstanding debt of Rs. 1,63,57,009.49, which includes an interest component of Rs. 56,78,665.47, for goods supplied between 02.09.2019 and 19.12.2019. The applicant issued demand notices, which the corporate debtor denied. The corporate debtor contested the application, claiming the applicant failed to provide sufficient documentation and that the interest claim was not valid.
Kotharishah Texturisers Private Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Kimaya Industries Private Limited (Corporate Debtor). The application was based on an alleged default in payment of Rs. 1,63,57,009.49, which includes an interest component of Rs. 56,78,665.47, for goods supplied between 02.09.2019 and 19.12.2019. The applicant issued demand notices, which the corporate debtor denied. The corporate debtor contested the application, claiming the applicant failed to provide sufficient documentation and that the interest claim was not valid. The corporate debtor also alleged that the applicant had included goods supplied to other
…Goods supplied by Kotharishah Texturisers…
Last date of goods supplied by Kotharishah…