The case originates from an application filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, by Riddhi Siddhi Cotex Private Limited (Operational Creditor) against Sri Lakshmi Saraswathi Impeex (India) Limited (Corporate Debtor) to initiate Corporate Insolvency Resolution Process (CIRP).
Riddhi Siddhi Cotex Private Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Sri Lakshmi Saraswathi Impeex (India) Limited, the Corporate Debtor, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a sum of Rs.2,77,877/- as due and payable by the Corporate Debtor as of 2019-09-26. The application was filed as IBA/1176/2019. The Authority admitted the application and initiated CIRP against the Corporate Debtor. Mrs. S. Thamilvani was appointed as the Interim Resolution Professional (IRP).
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The Operational…
The Authority admitted the application and…
The case originates from an application filed under Section 9 of the Insolvency & Bankruptcy Code, 2016, by Riddhi Siddhi Cotex Private Limited (Operational Creditor) against Sri Lakshmi Saraswathi Impeex (India) Limited (Corporate Debtor) to initiate Corporate Insolvency Resolution Process (CIRP).
Riddhi Siddhi Cotex Private Limited, the Operational Creditor, filed an application under Section 9 of the Insolvency & Bankruptcy Code, 2016, against Sri Lakshmi Saraswathi Impeex (India) Limited, the Corporate Debtor, seeking to initiate Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a sum of Rs.2,77,877/- as due and payable by the Corporate Debtor as of 2019-09-26. The application was filed as IBA/1176/2019. The Authority admitted the application and initiated CIRP against the Corporate Debtor. Mrs. S. Thamilvani was appointed as the Interim Resolution Professional (IRP).
The Operational…
The Authority admitted the application and…