The case originates from a Company Petition filed by M/s Royel Krishi Rasayan 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 Maharashtra Bio Fertilizers India Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed a default of Rs. 2,38,34,471/- with the date of default being 04.04.2023.
M/s Royel Krishi Rasayan Private Limited (Operational Creditor) filed a Company Petition against M/s Maharashtra Bio Fertilizers India Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor is in the business of importing and supplying Organic Fertilizer, Plant Growth Promoters, Sulphate Nutrients, Water Soluble Fertilizer and Solvent Fertilizer. The Corporate Debtor is a manufacturer of compost, agrochemicals, plant growth regulators and micro nutrients. The Operational Creditor supplied agrochemicals worth Rs. 4,80,52,653/- to the Corporate Debtor. The Corporate Debtor made payments of Rs. 2,78,07,545/-, leaving a balance of Rs. 2,38,34,471/- outstanding. The Operational Creditor served a demand notice dated
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The Corporate Debtor…
The Corporate Debtor…
The case originates from a Company Petition filed by M/s Royel Krishi Rasayan 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 Maharashtra Bio Fertilizers India Pvt. Ltd. (Corporate Debtor). The Operational Creditor claimed a default of Rs. 2,38,34,471/- with the date of default being 04.04.2023.
M/s Royel Krishi Rasayan Private Limited (Operational Creditor) filed a Company Petition against M/s Maharashtra Bio Fertilizers India Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor is in the business of importing and supplying Organic Fertilizer, Plant Growth Promoters, Sulphate Nutrients, Water Soluble Fertilizer and Solvent Fertilizer. The Corporate Debtor is a manufacturer of compost, agrochemicals, plant growth regulators and micro nutrients. The Operational Creditor supplied agrochemicals worth Rs. 4,80,52,653/- to the Corporate Debtor. The Corporate Debtor made payments of Rs. 2,78,07,545/-, leaving a balance of Rs. 2,38,34,471/- outstanding. The Operational Creditor served a demand notice dated
…The Corporate Debtor…
The Corporate Debtor…