Neo Seamless Tubes Limited filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against KLT Automotive and Tubular Product Limited. The Corporate Debtor was incorporated on 26.09.1994 under the Companies Act, 1956. The Operational Creditor claimed a total debt of Rs.21,88,312/- plus interest. The Transfer Company Petition was originally filed on 23.03.2016 before the Hon'ble Bombay High Court and later transferred to the NCLT Mumbai Bench.
Neo Seamless Tubes Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against KLT Automotive and Tubular Product Limited (Corporate Debtor) seeking to initiate CIRP. The Corporate Debtor was incorporated on 26.09.1994. The Operational Creditor claimed a debt of Rs.21,88,312/- plus interest, based on invoices for goods supplied. The Corporate Debtor placed two purchase orders on 09.04.2010. Deliveries were made, and invoices were raised between 16.06.2010 and 12.10.2010, totaling Rs.39,88,312/-. The Corporate Debtor made payments totaling Rs.18,00,000/-. A notice was issued on 31.10.2012 to the Corporate Debtor for the outstanding balance. The Corporate Debtor issued C-Forms for the period 2010-2011 under a
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KLT Automotive and…
Corporate Debtor placed 2 purchase orders vide…
Neo Seamless Tubes Limited filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against KLT Automotive and Tubular Product Limited. The Corporate Debtor was incorporated on 26.09.1994 under the Companies Act, 1956. The Operational Creditor claimed a total debt of Rs.21,88,312/- plus interest. The Transfer Company Petition was originally filed on 23.03.2016 before the Hon'ble Bombay High Court and later transferred to the NCLT Mumbai Bench.
Neo Seamless Tubes Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) against KLT Automotive and Tubular Product Limited (Corporate Debtor) seeking to initiate CIRP. The Corporate Debtor was incorporated on 26.09.1994. The Operational Creditor claimed a debt of Rs.21,88,312/- plus interest, based on invoices for goods supplied. The Corporate Debtor placed two purchase orders on 09.04.2010. Deliveries were made, and invoices were raised between 16.06.2010 and 12.10.2010, totaling Rs.39,88,312/-. The Corporate Debtor made payments totaling Rs.18,00,000/-. A notice was issued on 31.10.2012 to the Corporate Debtor for the outstanding balance. The Corporate Debtor issued C-Forms for the period 2010-2011 under a
…KLT Automotive and…
Corporate Debtor placed 2 purchase orders vide…