Shree Keshav Agro Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Varadharaja Foods Private Limited, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). Shree Keshav Agro Private Limited claimed to be an operational creditor of Varadharaja Foods Private Limited. The application was filed due to an alleged default in payment of operational debt.
Shree Keshav Agro Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Varadharaja Foods Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a total debt of Rs. 2,30,20,095/- along with interest. The date of default was stated as 30.07.2021. The Operational Creditor supplied mango, processing of mango, mango pulp and packaging materials to the Corporate Debtor. The Corporate Debtor entered into a 'First Amendment to Corporate Guarantee for Advance' on 14.12.2020. A demand notice was issued on 29.09.2021. The Corporate Debtor argued that the COVID-19 lockdown caused significant business losses, constituting a
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Demand Notice dated…
Corporate Debtor…
Shree Keshav Agro Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Varadharaja Foods Private Limited, seeking initiation of the Corporate Insolvency Resolution Process (CIRP). Shree Keshav Agro Private Limited claimed to be an operational creditor of Varadharaja Foods Private Limited. The application was filed due to an alleged default in payment of operational debt.
Shree Keshav Agro Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Varadharaja Foods Private Limited (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP). The Operational Creditor claimed a total debt of Rs. 2,30,20,095/- along with interest. The date of default was stated as 30.07.2021. The Operational Creditor supplied mango, processing of mango, mango pulp and packaging materials to the Corporate Debtor. The Corporate Debtor entered into a 'First Amendment to Corporate Guarantee for Advance' on 14.12.2020. A demand notice was issued on 29.09.2021. The Corporate Debtor argued that the COVID-19 lockdown caused significant business losses, constituting a
…Demand Notice dated…
Corporate Debtor…