The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Ashish Omprakash Jain, the Operational Creditor, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Rameshwar Textile Mills Private Limited, the Corporate Debtor, due to a default in payment of Rs. 4,29,14,887.12. The Corporate Debtor was incorporated on 18.08.1998. The Operational Creditor supplied Nylon Brown Socks Pair against six invoices spanning from November 16, 2017, to December 27, 2017. The Corporate Debtor defaulted on the loan amount on 22.12.2021.
Ashish Omprakash Jain, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Rameshwar Textile Mills Private Limited, the Corporate Debtor. The total debt amount is Rs. 4,29,14,887.12, and the default date is 22.12.2021. The Corporate Debtor was incorporated on 18.08.1998. The Operational Creditor supplied 'Nylon Brown Socks Pair' against six invoices between November 16, 2017, and December 27, 2017. The Corporate Debtor made a payment of Rs. 40,00,000 between December 14, 2021, and December 21, 2021. The Operational Creditor served a demand notice dated April 24, 2023. The Corporate Debtor was set ex-parte as they did not appear before the Bench.
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Rameshwar Texti…
The Corporate Debtor was supplied 'Nylon Brown…
The case involves a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Ashish Omprakash Jain, the Operational Creditor, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Rameshwar Textile Mills Private Limited, the Corporate Debtor, due to a default in payment of Rs. 4,29,14,887.12. The Corporate Debtor was incorporated on 18.08.1998. The Operational Creditor supplied Nylon Brown Socks Pair against six invoices spanning from November 16, 2017, to December 27, 2017. The Corporate Debtor defaulted on the loan amount on 22.12.2021.
Ashish Omprakash Jain, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Rameshwar Textile Mills Private Limited, the Corporate Debtor. The total debt amount is Rs. 4,29,14,887.12, and the default date is 22.12.2021. The Corporate Debtor was incorporated on 18.08.1998. The Operational Creditor supplied 'Nylon Brown Socks Pair' against six invoices between November 16, 2017, and December 27, 2017. The Corporate Debtor made a payment of Rs. 40,00,000 between December 14, 2021, and December 21, 2021. The Operational Creditor served a demand notice dated April 24, 2023. The Corporate Debtor was set ex-parte as they did not appear before the Bench.
…Rameshwar Texti…
The Corporate Debtor was supplied 'Nylon Brown…