M/S Sai Kripa Indenting (Operational Creditor), a proprietary firm through Mrs. Deepali Wadhwani, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Sneh Exports Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The petition sought to recover an operational debt of Rs. 74,34,62,189.07/- due to default in payment for polymer goods supplied between 03.03.2025 and 28.01.2026. The default commenced on 18.04.2025. Demand notices were issued, and the Corporate Debtor's Director, Mr. Vishal Bansal, admitted inability to pay for six months.
M/S Sai Kripa Indenting, a proprietary firm through Mrs. Deepali Wadhwani, filed a petition under Section 9 of the IBC, 2016, against Sneh Exports Private Limited.
The petition sought to initiate Corporate Insolvency Resolution Process (CIRP) against Sneh Exports Private Limited (Corporate Debtor).
The outstanding operational debt claimed was Rs. 74,34,62,189.07/- as on 18.04.2025.
M/S Sai Kripa Indenting is engaged in the business of supplying polymer products.
Sneh Exports Private Limited approached the Petitioner for purchasing polymer goods for its business operations.
The Petitioner supplied goods and raised 368 tax invoices between 03.03.2025 and 28.01.2026, with agreed credit terms of 45 days from the invoice date.
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Sneh Exports Private…
Petitioner began…
M/S Sai Kripa Indenting (Operational Creditor), a proprietary firm through Mrs. Deepali Wadhwani, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Sneh Exports Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The petition sought to recover an operational debt of Rs. 74,34,62,189.07/- due to default in payment for polymer goods supplied between 03.03.2025 and 28.01.2026. The default commenced on 18.04.2025. Demand notices were issued, and the Corporate Debtor's Director, Mr. Vishal Bansal, admitted inability to pay for six months.
M/S Sai Kripa Indenting, a proprietary firm through Mrs. Deepali Wadhwani, filed a petition under Section 9 of the IBC, 2016, against Sneh Exports Private Limited.
The petition sought to initiate Corporate Insolvency Resolution Process (CIRP) against Sneh Exports Private Limited (Corporate Debtor).
The outstanding operational debt claimed was Rs. 74,34,62,189.07/- as on 18.04.2025.
M/S Sai Kripa Indenting is engaged in the business of supplying polymer products.
Sneh Exports Private Limited approached the Petitioner for purchasing polymer goods for its business operations.
The Petitioner supplied goods and raised 368 tax invoices between 03.03.2025 and 28.01.2026, with agreed credit terms of 45 days from the invoice date.
…Sneh Exports Private…
Petitioner began…