Sudarshan Paper & Board Private Limited, the operational creditor, filed a company petition against Verges Properties LLP, the corporate debtor, under Section 9 of the IBC, seeking initiation of the Corporate Insolvency Resolution Process. The operational creditor claimed that the corporate debtor defaulted in paying for the goods supplied. The principal amount due was Rs. 91,49,171/-, with an additional interest claim of Rs. 10,25,237/-. The total amount claimed was Rs. 1,01,74,408/-.
Sudarshan Paper & Board Private Limited (Operational Creditor) supplied goods to Verges Properties LLP (Corporate Debtor). The Corporate Debtor defaulted on payments. The Operational Creditor filed a petition under Section 9 of the IBC. The principal amount due was Rs. 91,49,171/-. The Operational Creditor also claimed interest of Rs. 10,25,237/-, bringing the total claim to Rs. 1,01,74,408/-. The date of default claimed by the applicant is 27.05.2023. The Operational Creditor issued a Section 8 notice. The Corporate Debtor did not reply to the Section 8 notice. The interest was claimed based on invoices, but there was no specific agreement for interest. The respondent had deducted TDS on the interest amount.
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Date of default claimed…
Sudarshan Paper & Board Private Limited, the operational creditor, filed a company petition against Verges Properties LLP, the corporate debtor, under Section 9 of the IBC, seeking initiation of the Corporate Insolvency Resolution Process. The operational creditor claimed that the corporate debtor defaulted in paying for the goods supplied. The principal amount due was Rs. 91,49,171/-, with an additional interest claim of Rs. 10,25,237/-. The total amount claimed was Rs. 1,01,74,408/-.
Sudarshan Paper & Board Private Limited (Operational Creditor) supplied goods to Verges Properties LLP (Corporate Debtor). The Corporate Debtor defaulted on payments. The Operational Creditor filed a petition under Section 9 of the IBC. The principal amount due was Rs. 91,49,171/-. The Operational Creditor also claimed interest of Rs. 10,25,237/-, bringing the total claim to Rs. 1,01,74,408/-. The date of default claimed by the applicant is 27.05.2023. The Operational Creditor issued a Section 8 notice. The Corporate Debtor did not reply to the Section 8 notice. The interest was claimed based on invoices, but there was no specific agreement for interest. The respondent had deducted TDS on the interest amount.
Date of the first…
Date of default claimed…