This is a company petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Sichuan Gent Imp & Exp Co. Limited (Operational Creditor) against K. P. Garments Private Limited (Corporate Debtor) to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claims that the Corporate Debtor defaulted in payment of Rs. 64,71,902.00. The petition was filed on 08 June, 2018.
Sichuan Gent Imp & Exp Co. Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against K. P. Garments Private Limited (Corporate Debtor), seeking to initiate CIRP. The Operational Creditor supplied raw silk yarn to the Corporate Debtor and raised invoices. The Corporate Debtor made payments on an ad hoc basis until 10 July, 2015. The Corporate Debtor defaulted on payments of Rs. 34,84,033.00, along with 18% interest p.a. from 16 June, 2013 to 20 March, 2018. The Corporate Debtor acknowledged the debt through its Managing Director. The Operational Creditor issued reminder letters and a demand notice under Section 8 of the Code. The Corporate Debtor replied to the demand notice, claiming the petition was
…Sign in to view the parties.
K. P. Garments…
Invoices raised between…
This is a company petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by Sichuan Gent Imp & Exp Co. Limited (Operational Creditor) against K. P. Garments Private Limited (Corporate Debtor) to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claims that the Corporate Debtor defaulted in payment of Rs. 64,71,902.00. The petition was filed on 08 June, 2018.
Sichuan Gent Imp & Exp Co. Limited (Operational Creditor) filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against K. P. Garments Private Limited (Corporate Debtor), seeking to initiate CIRP. The Operational Creditor supplied raw silk yarn to the Corporate Debtor and raised invoices. The Corporate Debtor made payments on an ad hoc basis until 10 July, 2015. The Corporate Debtor defaulted on payments of Rs. 34,84,033.00, along with 18% interest p.a. from 16 June, 2013 to 20 March, 2018. The Corporate Debtor acknowledged the debt through its Managing Director. The Operational Creditor issued reminder letters and a demand notice under Section 8 of the Code. The Corporate Debtor replied to the demand notice, claiming the petition was
…K. P. Garments…
Invoices raised between…