M/s. Pattabi Enterprises, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against M/s. Trilok Security Systems India Private Limited, the corporate debtor, due to a default in payment of Rs. 11,60,53,177/-. The operational creditor claimed that the corporate debtor defaulted in making payments for invoices raised against goods supplied. Despite serving notice, the corporate debtor did not appear before the tribunal.
M/s. Pattabi Enterprises, an operational creditor, engaged in the business of printing boxes, lamination boxes, packaging materials, and other allied activities, supplied goods to M/s. Trilok Security Systems India Private Limited, a corporate debtor engaged in the business of Biometric Security Solutions using access cards. The corporate debtor defaulted in making payment of Rs. 11,60,53,177/- which includes interest towards invoices raised against the goods supplied. The operational creditor issued a statutory demand notice to the corporate debtor, but the corporate debtor did not respond. The operational creditor filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP)
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CP No. 75/9/AMR…
M/s. Pattabi Enterprises, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against M/s. Trilok Security Systems India Private Limited, the corporate debtor, due to a default in payment of Rs. 11,60,53,177/-. The operational creditor claimed that the corporate debtor defaulted in making payments for invoices raised against goods supplied. Despite serving notice, the corporate debtor did not appear before the tribunal.
M/s. Pattabi Enterprises, an operational creditor, engaged in the business of printing boxes, lamination boxes, packaging materials, and other allied activities, supplied goods to M/s. Trilok Security Systems India Private Limited, a corporate debtor engaged in the business of Biometric Security Solutions using access cards. The corporate debtor defaulted in making payment of Rs. 11,60,53,177/- which includes interest towards invoices raised against the goods supplied. The operational creditor issued a statutory demand notice to the corporate debtor, but the corporate debtor did not respond. The operational creditor filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP)
…CP No. 75/9/AMR…