The case involves an application filed by Mansfield Cable Company Limited, through its Interim Resolution Professional, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Mansfield Cables Company & Infrastructure Private Limited. The applicant, acting as an operational creditor, claims that the respondent defaulted on payments for supplied steel cables. The applicant had previously been admitted into CIRP, which was later set aside by NCLAT. A subsequent CIRP was initiated against the applicant. The applicant claims the respondent owes Rs. 85,18,660/- plus interest at 18% per annum.
Mansfield Cable Company Limited, acting through its Interim Resolution Professional, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Mansfield Cables Company & Infrastructure Private Limited, the Respondent. The Applicant claimed to be an operational creditor, asserting that the Respondent defaulted on payments for steel cables supplied. The Respondent was incorporated on 13.05.2010. The applicant had previously been admitted into CIRP, which was later set aside by NCLAT. A subsequent CIRP was initiated against the applicant. The applicant claims the respondent owes Rs. 85,18,660/- plus interest at 18% per annum. The applicant had raised five invoices dated 05.11.2016.
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Mansfield Cables…
Applicant rais…
The case involves an application filed by Mansfield Cable Company Limited, through its Interim Resolution Professional, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against Mansfield Cables Company & Infrastructure Private Limited. The applicant, acting as an operational creditor, claims that the respondent defaulted on payments for supplied steel cables. The applicant had previously been admitted into CIRP, which was later set aside by NCLAT. A subsequent CIRP was initiated against the applicant. The applicant claims the respondent owes Rs. 85,18,660/- plus interest at 18% per annum.
Mansfield Cable Company Limited, acting through its Interim Resolution Professional, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Mansfield Cables Company & Infrastructure Private Limited, the Respondent. The Applicant claimed to be an operational creditor, asserting that the Respondent defaulted on payments for steel cables supplied. The Respondent was incorporated on 13.05.2010. The applicant had previously been admitted into CIRP, which was later set aside by NCLAT. A subsequent CIRP was initiated against the applicant. The applicant claims the respondent owes Rs. 85,18,660/- plus interest at 18% per annum. The applicant had raised five invoices dated 05.11.2016.
…Mansfield Cables…
Applicant rais…