The case pertains to an application filed by AJS Impex Private Limited, the Financial Creditor/Applicant, under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code), seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Nyka Steels Private Limited, the Corporate Debtor. The Operational Creditor claimed a total default of Rs.4,87,01,363/-, comprising a principal amount of Rs.3,09,42,951/- and an interest amount of Rs.1,77,58,412/-. The invoices raised against the supply of goods fell due between 16.02.2018 and 18.08.2018. The Operational Creditor supplied steel products to the Corporate Debtor in 2019 and raised 31 invoices between 16.12.2017 and 18.06.2018 for a total outstanding amount of Rs.3,21,60,135/-, against which the
…AJS Impex Private Limited, the Financial Creditor/Applicant, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code), seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Nyka Steels Private Limited, the Corporate Debtor. The Operational Creditor claimed a total default of Rs.4,87,01,363/-, comprising a principal amount of Rs.3,09,42,951/- and an interest amount of Rs.1,77,58,412/-. The invoices raised against the supply of goods fell due between 16.02.2018 and 18.08.2018. The Operational Creditor supplied steel products to the Corporate Debtor in 2019 and raised 31 invoices between 16.12.2017 and 18.06.2018 for a total outstanding amount of Rs.3,21,60,135/-, against which the Operational Creditor
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The case pertains to an application filed by AJS Impex Private Limited, the Financial Creditor/Applicant, under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code), seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Nyka Steels Private Limited, the Corporate Debtor. The Operational Creditor claimed a total default of Rs.4,87,01,363/-, comprising a principal amount of Rs.3,09,42,951/- and an interest amount of Rs.1,77,58,412/-. The invoices raised against the supply of goods fell due between 16.02.2018 and 18.08.2018. The Operational Creditor supplied steel products to the Corporate Debtor in 2019 and raised 31 invoices between 16.12.2017 and 18.06.2018 for a total outstanding amount of Rs.3,21,60,135/-, against which the
…AJS Impex Private Limited, the Financial Creditor/Applicant, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016 (I&B Code), seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Nyka Steels Private Limited, the Corporate Debtor. The Operational Creditor claimed a total default of Rs.4,87,01,363/-, comprising a principal amount of Rs.3,09,42,951/- and an interest amount of Rs.1,77,58,412/-. The invoices raised against the supply of goods fell due between 16.02.2018 and 18.08.2018. The Operational Creditor supplied steel products to the Corporate Debtor in 2019 and raised 31 invoices between 16.12.2017 and 18.06.2018 for a total outstanding amount of Rs.3,21,60,135/-, against which the Operational Creditor
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