The Operational Creditor, Siddhi Ganesh Metals Pvt Ltd, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor, M/s. S V Equipments Pvt Ltd, for defaulting on a payment of Rs. 1,40,81,649/-.
Siddhi Ganesh Metals Pvt Ltd, the Operational Creditor, filed a petition against M/s. S V Equipments Pvt Ltd, the Corporate Debtor, under Section 9 of the IBC, 2016.
The Corporate Debtor defaulted on a payment of Rs. 1,40,81,649/-.
The Operational Creditor and Corporate Debtor agreed to terms and conditions where material should be supplied immediately and payment terms are 60 days.
The Operational Creditor issued a statutory notice on 22.11.2021 for Rs. 1,80,81,649/-.
The Corporate Debtor replied to the notice on 09.12.2021 and paid Rs. 20,00,000/- on 19.12.2021 and Rs. 20,00,000/- on 13.01.2022.
A demand notice under Section 8 of the I&B Code, 2016, was issued on 01.12.2021.
The Corporate Debtor utilized the material but defaulted on payment as per the agreement.
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Corporate Debtor approached Operational Creditor…
Operational creditor…
The Operational Creditor, Siddhi Ganesh Metals Pvt Ltd, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against the Corporate Debtor, M/s. S V Equipments Pvt Ltd, for defaulting on a payment of Rs. 1,40,81,649/-.
Siddhi Ganesh Metals Pvt Ltd, the Operational Creditor, filed a petition against M/s. S V Equipments Pvt Ltd, the Corporate Debtor, under Section 9 of the IBC, 2016.
The Corporate Debtor defaulted on a payment of Rs. 1,40,81,649/-.
The Operational Creditor and Corporate Debtor agreed to terms and conditions where material should be supplied immediately and payment terms are 60 days.
The Operational Creditor issued a statutory notice on 22.11.2021 for Rs. 1,80,81,649/-.
The Corporate Debtor replied to the notice on 09.12.2021 and paid Rs. 20,00,000/- on 19.12.2021 and Rs. 20,00,000/- on 13.01.2022.
A demand notice under Section 8 of the I&B Code, 2016, was issued on 01.12.2021.
The Corporate Debtor utilized the material but defaulted on payment as per the agreement.
…Corporate Debtor approached Operational Creditor…
Operational creditor…