The case involves Jay Baba Bakreswar Rice Mill [P] Ltd as the operational creditor and Radhashyam Industries Pvt. Ltd. as the corporate debtor. The operational creditor filed a petition under Section 9 of the IBC. The corporate debtor tendered demand drafts to cover the principal amount and interest due.
The principal amount due from 2018-12-07 was Rs. 10,20,051.00. Interest at 9% from 2018-12-07 to 2022-10-15 amounted to Rs. 3,54,391.68. The corporate debtor tendered two demand drafts: D.D. No. 025708 dated 2022-09-23 for Rs. 10,20,051.00 and D.D. No. 025730 dated 2022-10-01 for Rs. 3,54,392.00, both in favor of the operational creditor, Jay Baba Bakreswar Rice Mill (P) Ltd. The operational creditor accepted the amount tendered by the corporate debtor.
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The case involves Jay Baba Bakreswar Rice Mill [P] Ltd as the operational creditor and Radhashyam Industries Pvt. Ltd. as the corporate debtor. The operational creditor filed a petition under Section 9 of the IBC. The corporate debtor tendered demand drafts to cover the principal amount and interest due.
The principal amount due from 2018-12-07 was Rs. 10,20,051.00. Interest at 9% from 2018-12-07 to 2022-10-15 amounted to Rs. 3,54,391.68. The corporate debtor tendered two demand drafts: D.D. No. 025708 dated 2022-09-23 for Rs. 10,20,051.00 and D.D. No. 025730 dated 2022-10-01 for Rs. 3,54,392.00, both in favor of the operational creditor, Jay Baba Bakreswar Rice Mill (P) Ltd. The operational creditor accepted the amount tendered by the corporate debtor.
Principal amoun…
Interest calc…
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