The case involves an application filed by an Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor due to an admitted default in payment.
Jindal Nickel and Alloys Ltd, 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 Surana Meta Cast (India) Pvt Ltd, the Corporate Debtor. The application was filed in accordance with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The Corporate Debtor was incorporated on October 12, 2010, with a nominal share capital of Rs. 5,75,00,000/- and a paid-up capital of Rs. 4,92,49,940/-. The Operational Creditor, engaged in manufacturing iron and steel, supplied nickel cathodes to the Corporate Debtor. Invoices were raised on July 15, 2022, July 19, 2022, and August 3, 2022, accompanied by e-way bills and
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Surana Meta Cast…
Jindal Nickel and Alloys Ltd issued an invoice…
The case involves an application filed by an Operational Creditor under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process against the Corporate Debtor due to an admitted default in payment.
Jindal Nickel and Alloys Ltd, 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 Surana Meta Cast (India) Pvt Ltd, the Corporate Debtor. The application was filed in accordance with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016. The Corporate Debtor was incorporated on October 12, 2010, with a nominal share capital of Rs. 5,75,00,000/- and a paid-up capital of Rs. 4,92,49,940/-. The Operational Creditor, engaged in manufacturing iron and steel, supplied nickel cathodes to the Corporate Debtor. Invoices were raised on July 15, 2022, July 19, 2022, and August 3, 2022, accompanied by e-way bills and
…Surana Meta Cast…
Jindal Nickel and Alloys Ltd issued an invoice…