M/s Delhi Liquors filed a Company Petition (IB) No. 25 of 2024 under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Raisen Marketing Private Limited, on account of default in payment of operational debt amounting to Rs.12,24,75,104.69/- as on 31.01.2024.
M/s Delhi Liquors filed a petition under Section 9 of the IBC seeking initiation of CIRP against Raisen Marketing Private Limited.
The operational debt claimed was Rs.12,24,75,104.69/- as on 31.01.2024.
The Operational Creditor is a joint venture entity with a valid L-1 wholesale license.
Raisen Marketing Private Limited is a company incorporated under the Companies Act, 1956.
The Corporate Debtor made intermittent payments amounting to Rs.8,50,00,000/-.
The Operational Creditor issued a legal notice dated 10.01.2023 and a statutory demand notice dated 10.02.2024.
The Corporate Debtor contended that the Applicant is not a 'person' under Section 3(23) of the Code and that there is no written agreement stipulating payment terms.
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Company Petition filed…
Order delive…
M/s Delhi Liquors filed a Company Petition (IB) No. 25 of 2024 under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the Corporate Insolvency Resolution Process (CIRP) against Raisen Marketing Private Limited, on account of default in payment of operational debt amounting to Rs.12,24,75,104.69/- as on 31.01.2024.
M/s Delhi Liquors filed a petition under Section 9 of the IBC seeking initiation of CIRP against Raisen Marketing Private Limited.
The operational debt claimed was Rs.12,24,75,104.69/- as on 31.01.2024.
The Operational Creditor is a joint venture entity with a valid L-1 wholesale license.
Raisen Marketing Private Limited is a company incorporated under the Companies Act, 1956.
The Corporate Debtor made intermittent payments amounting to Rs.8,50,00,000/-.
The Operational Creditor issued a legal notice dated 10.01.2023 and a statutory demand notice dated 10.02.2024.
The Corporate Debtor contended that the Applicant is not a 'person' under Section 3(23) of the Code and that there is no written agreement stipulating payment terms.
…Company Petition filed…
Order delive…