M/s. Pattabi Enterprises 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. Pattabi Enterprises, an operational creditor, claimed that Trilok Security Systems defaulted on payments amounting to Rs. 11,60,53,177/-, including interest, for goods supplied. Despite serving a demand notice, the corporate debtor did not respond.
M/s. Pattabi Enterprises, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Trilok Security Systems India Private Limited, the corporate debtor. Pattabi Enterprises claimed that Trilok Security Systems defaulted on payments of Rs. 11,60,53,177/-, including interest, for goods supplied. Pattabi Enterprises is engaged in the business of printing boxes, lamination boxes, packaging materials, and other allied activities, while Trilok Security Systems is engaged in Biometric Security Solutions using access cards. The corporate debtor engaged the services of the operational creditor for printing access cards. The invoices raised by Pattabi Enterprises were accepted by Trilok Security Systems without dispute,
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CP No. 75/9/AMR/2021 is admitted; CIRP…
M/s. Pattabi Enterprises 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. Pattabi Enterprises, an operational creditor, claimed that Trilok Security Systems defaulted on payments amounting to Rs. 11,60,53,177/-, including interest, for goods supplied. Despite serving a demand notice, the corporate debtor did not respond.
M/s. Pattabi Enterprises, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Trilok Security Systems India Private Limited, the corporate debtor. Pattabi Enterprises claimed that Trilok Security Systems defaulted on payments of Rs. 11,60,53,177/-, including interest, for goods supplied. Pattabi Enterprises is engaged in the business of printing boxes, lamination boxes, packaging materials, and other allied activities, while Trilok Security Systems is engaged in Biometric Security Solutions using access cards. The corporate debtor engaged the services of the operational creditor for printing access cards. The invoices raised by Pattabi Enterprises were accepted by Trilok Security Systems without dispute,
…CP No. 75/9/AMR/2021 is admitted; CIRP…