The case pertains to an application filed by Grover Trading Co., an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, against Supreme Fin-hold Pvt. Ltd., the Corporate Debtor, for default in payment of operational debt. The Operational Creditor claimed that the Corporate Debtor failed to pay an outstanding amount of Rs. 1,19,39,282.40. The Corporate Debtor acknowledged the debt in an acknowledgment dated 16.09.2022.
Grover Trading Co. (Operational Creditor) filed an application under Section 9 of the IBC, 2016, against Supreme Fin-hold Pvt. Ltd. (Corporate Debtor) for default in payment of operational debt amounting to Rs. 1,19,39,282.40. The debt arose from invoices for the financial year 2021-22, with the last invoice dated 28.03.2021. The Corporate Debtor acknowledged the outstanding debt in an acknowledgment dated 16.09.2022. The Operational Creditor issued a demand notice on 22.09.2022. The Corporate Debtor did not raise any dispute regarding the debt before the demand notice. The Applicant also filed an affidavit under Section 9(3)(b) of the IBC, 2016. The RP proposed by the Applicant declared that no legal proceedings are pending against him.
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Last invoice entered in the Bill against…
The Corporate Debtor…
The case pertains to an application filed by Grover Trading Co., an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, against Supreme Fin-hold Pvt. Ltd., the Corporate Debtor, for default in payment of operational debt. The Operational Creditor claimed that the Corporate Debtor failed to pay an outstanding amount of Rs. 1,19,39,282.40. The Corporate Debtor acknowledged the debt in an acknowledgment dated 16.09.2022.
Grover Trading Co. (Operational Creditor) filed an application under Section 9 of the IBC, 2016, against Supreme Fin-hold Pvt. Ltd. (Corporate Debtor) for default in payment of operational debt amounting to Rs. 1,19,39,282.40. The debt arose from invoices for the financial year 2021-22, with the last invoice dated 28.03.2021. The Corporate Debtor acknowledged the outstanding debt in an acknowledgment dated 16.09.2022. The Operational Creditor issued a demand notice on 22.09.2022. The Corporate Debtor did not raise any dispute regarding the debt before the demand notice. The Applicant also filed an affidavit under Section 9(3)(b) of the IBC, 2016. The RP proposed by the Applicant declared that no legal proceedings are pending against him.
Last invoice entered in the Bill against…
The Corporate Debtor…