This is a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, where the Operational Creditor, M/S Shreenathji Marketing, seeks to initiate Corporate Insolvency Resolution Process (CIRP) against Maya Construction Company Private Limited. The total amount in default is Rs. 1,57,34,547/-, with the date of default mentioned as 23.12.2021. The Corporate Debtor approached the Operational Creditor for the supply of steel materials. The Operational Creditor supplied the goods without any dispute until the notice was issued. The bills/invoices were raised from October 2021 to November 2021 and received by the Corporate Debtor without objections.
M/S Shreenathji Marketing, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Maya Construction Company Private Limited, the Corporate Debtor. The total amount in default is Rs. 1,57,34,547/-, with the date of default being 23.12.2021. The Corporate Debtor had approached the Operational Creditor for the supply of steel materials, which were supplied without any dispute until the notice was issued. The bills/invoices were raised from October 2021 to November 2021 and received by the Corporate Debtor without objections. The Corporate Debtor is liable to pay Rs.1,16,16,017/- (Principal amount) and further interest @ 24% p.a. Rs.41,25,139/-. The Corporate
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This is a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, where the Operational Creditor, M/S Shreenathji Marketing, seeks to initiate Corporate Insolvency Resolution Process (CIRP) against Maya Construction Company Private Limited. The total amount in default is Rs. 1,57,34,547/-, with the date of default mentioned as 23.12.2021. The Corporate Debtor approached the Operational Creditor for the supply of steel materials. The Operational Creditor supplied the goods without any dispute until the notice was issued. The bills/invoices were raised from October 2021 to November 2021 and received by the Corporate Debtor without objections.
M/S Shreenathji Marketing, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Maya Construction Company Private Limited, the Corporate Debtor. The total amount in default is Rs. 1,57,34,547/-, with the date of default being 23.12.2021. The Corporate Debtor had approached the Operational Creditor for the supply of steel materials, which were supplied without any dispute until the notice was issued. The bills/invoices were raised from October 2021 to November 2021 and received by the Corporate Debtor without objections. The Corporate Debtor is liable to pay Rs.1,16,16,017/- (Principal amount) and further interest @ 24% p.a. Rs.41,25,139/-. The Corporate
…The date of de…
The corporate debtor…