M/s Indo Spirits, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Sakriya Technologies Private Limited, the corporate debtor. The operational creditor claimed that the corporate debtor defaulted on a payment of Rs. 4,83,70,308/-, which includes the principal amount of Rs. 4,66,50,678/- and interest of Rs. 17,19,630/- calculated at 24% per annum. The corporate debtor was granted an L-7Z (retail) License by the Excise Department, Government of NCT of Delhi on 17.09.2021. The operational creditor was granted a L-1 (wholesale) License Holder by the Excise Department, Government of NCT of Delhi on 08.11.2021. The operational creditor
…M/s Indo Spirits (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Sakriya Technologies Private Limited (Corporate Debtor). The Corporate Debtor was incorporated on 26.12.2013. The Operational Creditor was granted a L-1 (wholesale) License on 08.11.2021, while the Corporate Debtor was granted an L-7Z (retail) License on 17.09.2021. The Corporate Debtor regularly placed orders for alcoholic beverages, and the Operational Creditor supplied the goods. The last supply was made on 27-07-2022. The last payment was made on 26-07-2022 for Rs. 50,00,000/-. The parties reconciled their accounts, and the Corporate Debtor acknowledged pending dues of Rs.
…Sign in to view the parties.
The Corporate Debtor was granted an L-7Z…
The Operational Creditor was granted a L-1…
M/s Indo Spirits, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s Sakriya Technologies Private Limited, the corporate debtor. The operational creditor claimed that the corporate debtor defaulted on a payment of Rs. 4,83,70,308/-, which includes the principal amount of Rs. 4,66,50,678/- and interest of Rs. 17,19,630/- calculated at 24% per annum. The corporate debtor was granted an L-7Z (retail) License by the Excise Department, Government of NCT of Delhi on 17.09.2021. The operational creditor was granted a L-1 (wholesale) License Holder by the Excise Department, Government of NCT of Delhi on 08.11.2021. The operational creditor
…M/s Indo Spirits (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Sakriya Technologies Private Limited (Corporate Debtor). The Corporate Debtor was incorporated on 26.12.2013. The Operational Creditor was granted a L-1 (wholesale) License on 08.11.2021, while the Corporate Debtor was granted an L-7Z (retail) License on 17.09.2021. The Corporate Debtor regularly placed orders for alcoholic beverages, and the Operational Creditor supplied the goods. The last supply was made on 27-07-2022. The last payment was made on 26-07-2022 for Rs. 50,00,000/-. The parties reconciled their accounts, and the Corporate Debtor acknowledged pending dues of Rs.
…The Corporate Debtor was granted an L-7Z…
The Operational Creditor was granted a L-1…