Risa International Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Matheysh Maltitrading Private Limited, the Corporate Debtor. The Operational Creditor claimed a default amount of Rs. 16,95,14,713, including principal and interest. The Corporate Debtor was incorporated on 06.07.2012. The Operational Creditor contended that the Corporate Debtor approached them for the purchase of fabric in March 2014, and invoices were raised accordingly. 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 total debt of Rs. 16,95,14,713, including 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 fabric purchase in March 2014, and invoices were raised between 13.05.2014 and 25.06.2014, totaling Rs. 7,03,74,134. The supplies were acknowledged, and the quality was not disputed. Part payments were made by the Corporate Debtor on various dates in
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Matheysh Maltitrading…
Corporate Debtor…
Risa International Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Matheysh Maltitrading Private Limited, the Corporate Debtor. The Operational Creditor claimed a default amount of Rs. 16,95,14,713, including principal and interest. The Corporate Debtor was incorporated on 06.07.2012. The Operational Creditor contended that the Corporate Debtor approached them for the purchase of fabric in March 2014, and invoices were raised accordingly. 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 total debt of Rs. 16,95,14,713, including 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 fabric purchase in March 2014, and invoices were raised between 13.05.2014 and 25.06.2014, totaling Rs. 7,03,74,134. The supplies were acknowledged, and the quality was not disputed. Part payments were made by the Corporate Debtor on various dates in
…Matheysh Maltitrading…
Corporate Debtor…