The Operational Creditor filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for a default in discharging a debt of Rs. 29,42,38,402/-.
M/s. Southern Power Distribution Company of A.P. Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Sudalagunta Sugars Limited, the Corporate Debtor. The petition sought to initiate Corporate Insolvency Resolution Process (CIRP) due to the Corporate Debtor's default in paying a debt of Rs. 29,42,38,402/-.
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Andhra Pradesh Electricity Regulatory…
The High Court allowed an appeal and set…
The Operational Creditor filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for a default in discharging a debt of Rs. 29,42,38,402/-.
M/s. Southern Power Distribution Company of A.P. Limited, the Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Sudalagunta Sugars Limited, the Corporate Debtor. The petition sought to initiate Corporate Insolvency Resolution Process (CIRP) due to the Corporate Debtor's default in paying a debt of Rs. 29,42,38,402/-.
Andhra Pradesh Electricity Regulatory…
The High Court allowed an appeal and set…