The operational creditor filed an application under Section 9 of the IBC to initiate CIRP against the corporate debtor for non-payment of operational dues.
M/s Tushar Tradelink Private Limited, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicatory Authority) Rules, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Viratra Export Private Limited, the corporate debtor. The alleged default was for non-payment of operational dues amounting to Rs. 10,88,408/-. The corporate debtor approached the applicant on June 12, 2018, to purchase various mango wood planks for Rs. 4,67,904/-. The applicant delivered the goods on June 21, 2018, and June 26, 2018. The applicant received Rs. 50,000/- on July 17, 2018, and post-dated cheques for the remaining payments. Two cheques,
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Corporate Debtor…
Applicant del…
The operational creditor filed an application under Section 9 of the IBC to initiate CIRP against the corporate debtor for non-payment of operational dues.
M/s Tushar Tradelink Private Limited, the operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, read with Rule 6 of the Insolvency and Bankruptcy (Application to Adjudicatory Authority) Rules, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Viratra Export Private Limited, the corporate debtor. The alleged default was for non-payment of operational dues amounting to Rs. 10,88,408/-. The corporate debtor approached the applicant on June 12, 2018, to purchase various mango wood planks for Rs. 4,67,904/-. The applicant delivered the goods on June 21, 2018, and June 26, 2018. The applicant received Rs. 50,000/- on July 17, 2018, and post-dated cheques for the remaining payments. Two cheques,
…Corporate Debtor…
Applicant del…