The application was filed by Satyarath Foods Private Limited, the operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Mishtann Shoppee India Private Limited, the corporate debtor. The operational creditor sought the initiation of the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor for a total debt of Rs. 3,18,91,056/-, which included a principal amount of Rs. 3,09,55,513/- and an interest of 24% amounting to Rs. 9,35,543/- as of 19.07.2024, as per MSME Rules and Regulations. The date of default was stated to be 02.05.2024. The operational creditor claimed to have regularly supplied rock salt to the corporate debtor from 02.04.2024 to 29.05.2024. Despite repeated requests, the corporate debtor failed to
…Satyarath Foods Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Mishtann Shoppee India Private Limited (Corporate Debtor). The claim was for a total debt of Rs. 3,18,91,056/-, comprising a principal amount of Rs. 3,09,55,513/- and interest of Rs. 9,35,543/- as of 19.07.2024. The Operational Creditor stated that the Corporate Debtor defaulted on 02.05.2024. The Operational Creditor supplied rock salt to the Corporate Debtor from 02.04.2024 to 29.05.2024. Despite repeated requests, the Corporate Debtor failed to make payments. The Operational Creditor issued a Form 3 demand notice dated 15.07.2024. The Corporate Debtor acknowledged the debt in its reply affidavit dated 29.11.2024 but cited
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The application was filed by Satyarath Foods Private Limited, the operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Mishtann Shoppee India Private Limited, the corporate debtor. The operational creditor sought the initiation of the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor for a total debt of Rs. 3,18,91,056/-, which included a principal amount of Rs. 3,09,55,513/- and an interest of 24% amounting to Rs. 9,35,543/- as of 19.07.2024, as per MSME Rules and Regulations. The date of default was stated to be 02.05.2024. The operational creditor claimed to have regularly supplied rock salt to the corporate debtor from 02.04.2024 to 29.05.2024. Despite repeated requests, the corporate debtor failed to
…Satyarath Foods Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Mishtann Shoppee India Private Limited (Corporate Debtor). The claim was for a total debt of Rs. 3,18,91,056/-, comprising a principal amount of Rs. 3,09,55,513/- and interest of Rs. 9,35,543/- as of 19.07.2024. The Operational Creditor stated that the Corporate Debtor defaulted on 02.05.2024. The Operational Creditor supplied rock salt to the Corporate Debtor from 02.04.2024 to 29.05.2024. Despite repeated requests, the Corporate Debtor failed to make payments. The Operational Creditor issued a Form 3 demand notice dated 15.07.2024. The Corporate Debtor acknowledged the debt in its reply affidavit dated 29.11.2024 but cited
…Satyarath Foods Private Limited started…
Mishtann Shoppee India…