The Operational Creditor filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for an unpaid operational debt of Rs. 9,87,76,680/-.
T. Choitram and Sons (London) Ltd., the Operational Creditor, filed a petition on October 19, 2022, 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. The petition sought to initiate Corporate Insolvency Resolution Process (CIRP) against Tree of Life Pvt. Ltd., the Corporate Debtor, for an outstanding operational debt of Rs. 9,87,76,680/- related to unpaid purchase orders. The Operational Creditor asserted that it supplied food and associated products to the Corporate Debtor based on duly validated purchase orders dated April 25, 2019, and August 7, 2019. These dates are also cited as the dates of default. To substantiate its claim, the Operational Creditor
…Sign in to view the parties.
One of the dates of duly validated purchase…
One of the dates of duly validated purchase…
The Operational Creditor filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor for an unpaid operational debt of Rs. 9,87,76,680/-.
T. Choitram and Sons (London) Ltd., the Operational Creditor, filed a petition on October 19, 2022, 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. The petition sought to initiate Corporate Insolvency Resolution Process (CIRP) against Tree of Life Pvt. Ltd., the Corporate Debtor, for an outstanding operational debt of Rs. 9,87,76,680/- related to unpaid purchase orders. The Operational Creditor asserted that it supplied food and associated products to the Corporate Debtor based on duly validated purchase orders dated April 25, 2019, and August 7, 2019. These dates are also cited as the dates of default. To substantiate its claim, the Operational Creditor
…One of the dates of duly validated purchase…
One of the dates of duly validated purchase…