The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M+R Logistics (India) Private Limited (Operational Creditor) against M/s Metal Engineering & Treatment Private Limited (Corporate Debtor) for initiation of the Corporate Insolvency Resolution Process (CIRP) due to outstanding operational debt. The Operational Creditor claims that the Corporate Debtor owes a sum of Rs. 48,11,763/- as outstanding operational debt, which fell due from September 15, 2018. This debt includes Rs. 34,78,004/- for services provided and Rs. 13,33,759/- as interest. The Corporate Debtor filed a demurrer application seeking dismissal of the CIRP application, alleging gross suppression of material facts and claiming that the parties had
…M+R Logistics (India) Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Metal Engineering & Treatment Private Limited (Corporate Debtor) for outstanding operational debt. The Operational Creditor claimed that the Corporate Debtor owed Rs. 48,11,763/-, including Rs. 34,78,004/- for services rendered based on four invoices and Rs. 13,33,759/- as interest. The debt fell due from September 15, 2018. The Operational Creditor issued a demand notice on April 30, 2018. The Corporate Debtor filed a demurrer application, CA(IB) No. 109/2019, seeking dismissal of the CIRP application, claiming a settlement agreement in December 2016 for Rs. 81,00,000/- payable in installments. The Corporate
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Shipment of goods from Nava Sheva Port to…
Dates of the four…
The case involves an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by M+R Logistics (India) Private Limited (Operational Creditor) against M/s Metal Engineering & Treatment Private Limited (Corporate Debtor) for initiation of the Corporate Insolvency Resolution Process (CIRP) due to outstanding operational debt. The Operational Creditor claims that the Corporate Debtor owes a sum of Rs. 48,11,763/- as outstanding operational debt, which fell due from September 15, 2018. This debt includes Rs. 34,78,004/- for services provided and Rs. 13,33,759/- as interest. The Corporate Debtor filed a demurrer application seeking dismissal of the CIRP application, alleging gross suppression of material facts and claiming that the parties had
…M+R Logistics (India) Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s Metal Engineering & Treatment Private Limited (Corporate Debtor) for outstanding operational debt. The Operational Creditor claimed that the Corporate Debtor owed Rs. 48,11,763/-, including Rs. 34,78,004/- for services rendered based on four invoices and Rs. 13,33,759/- as interest. The debt fell due from September 15, 2018. The Operational Creditor issued a demand notice on April 30, 2018. The Corporate Debtor filed a demurrer application, CA(IB) No. 109/2019, seeking dismissal of the CIRP application, claiming a settlement agreement in December 2016 for Rs. 81,00,000/- payable in installments. The Corporate
…Shipment of goods from Nava Sheva Port to…
Dates of the four…