Risa International Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Matheysh Maltitrading Private Limited, the Corporate Debtor. The Operational Creditor claimed a default of Rs. 16,95,14,713, including principal and interest. The Corporate Debtor was incorporated on 06.07.2012. The date of default was stated as 31.10.2014.
Risa International Limited (Operational Creditor) filed a petition against Matheysh Maltitrading Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP. The Operational Creditor claimed a default of Rs. 16,95,14,713, which included a principal amount of Rs. 6,74,58,634 and interest of Rs. 10,20,56,079 calculated at 24% per annum. The Corporate Debtor was incorporated on 06.07.2012. The Operational Creditor stated that the Corporate Debtor approached them for the purchase of fabric in March 2014, and invoices were raised between 13.05.2014 and 25.06.2014 for a total of Rs. 7,03,74,134. The last tranche of payment was received on 30.10.2014. A demand notice was issued on 13.12.2018, claiming the
…Sign in to view the parties.
Matheysh Maltitrading…
The Corporate Debtor…
Risa International Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Matheysh Maltitrading Private Limited, the Corporate Debtor. The Operational Creditor claimed a default of Rs. 16,95,14,713, including principal and interest. The Corporate Debtor was incorporated on 06.07.2012. The date of default was stated as 31.10.2014.
Risa International Limited (Operational Creditor) filed a petition against Matheysh Maltitrading Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate CIRP. The Operational Creditor claimed a default of Rs. 16,95,14,713, which included a principal amount of Rs. 6,74,58,634 and interest of Rs. 10,20,56,079 calculated at 24% per annum. The Corporate Debtor was incorporated on 06.07.2012. The Operational Creditor stated that the Corporate Debtor approached them for the purchase of fabric in March 2014, and invoices were raised between 13.05.2014 and 25.06.2014 for a total of Rs. 7,03,74,134. The last tranche of payment was received on 30.10.2014. A demand notice was issued on 13.12.2018, claiming the
…Matheysh Maltitrading…
The Corporate Debtor…