M/s. R. J. Industries, the Applicant/Operational Creditor, filed an application on 2022-02-26 under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. United Foods Private Limited, the Respondent/Corporate Debtor. The application was based on the Corporate Debtor's alleged failure to clear an outstanding amount of Rs. 3,33,29,429/- along with interest at 18% p.a. as on 2018-08-10. An earlier application filed by the Operational Creditor was dismissed due to a defective notice, and an appeal to NCLAT was withdrawn with liberty to file a fresh petition.
M/s. R. J. Industries, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s. United Foods Private Limited, the corporate debtor, due to an outstanding debt of Rs. 3,33,29,429/- with 18% interest p.a. as of 2018-08-10. The operational creditor is incorporated under the Indian Partnership Act, 1932, dealing in trading rice and food grains. The corporate debtor, incorporated on 2010-12-06, has an authorized share capital of Rs. 10,00,00,000 and a paid-up share capital of Rs. 6,96,88,000. An earlier application by the operational creditor was dismissed due to a defective notice under Section 8(1), and the subsequent appeal was withdrawn. The corporate debtor issued dishonored cheques to the
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M/s. R. J. Industries filed an application…
The Operational Creditor filed an earlier…
M/s. R. J. Industries, the Applicant/Operational Creditor, filed an application on 2022-02-26 under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against M/s. United Foods Private Limited, the Respondent/Corporate Debtor. The application was based on the Corporate Debtor's alleged failure to clear an outstanding amount of Rs. 3,33,29,429/- along with interest at 18% p.a. as on 2018-08-10. An earlier application filed by the Operational Creditor was dismissed due to a defective notice, and an appeal to NCLAT was withdrawn with liberty to file a fresh petition.
M/s. R. J. Industries, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s. United Foods Private Limited, the corporate debtor, due to an outstanding debt of Rs. 3,33,29,429/- with 18% interest p.a. as of 2018-08-10. The operational creditor is incorporated under the Indian Partnership Act, 1932, dealing in trading rice and food grains. The corporate debtor, incorporated on 2010-12-06, has an authorized share capital of Rs. 10,00,00,000 and a paid-up share capital of Rs. 6,96,88,000. An earlier application by the operational creditor was dismissed due to a defective notice under Section 8(1), and the subsequent appeal was withdrawn. The corporate debtor issued dishonored cheques to the
…M/s. R. J. Industries filed an application…
The Operational Creditor filed an earlier…