The case involves an application filed by Sangeeta Ajmera Prop. M/s The Manpower, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Shree Gangour Foods (Jaipur) LLP for alleged default on repayment of operational debt amounting to Rs. 12,22,726/-.
Sangeeta Ajmera Prop. M/s The Manpower filed an application under Section 9 of the IBC to initiate CIRP against Shree Gangour Foods (Jaipur) LLP.
The alleged default amount is Rs. 12,22,726/-.
The Operational Creditor and Corporate Debtor entered into agreements for manpower supply, dated 16.06.2017 and 06.06.2018.
A demand notice dated 24.07.2019 was sent to the Corporate Debtor for repayment of the unpaid operational debt.
The Corporate Debtor replied to the demand notice on 08.08.2019, denying any liability.
The Corporate Debtor contended that there was a pre-existing dispute and that the amount claimed was not due.
The Operational Creditor submitted that the Corporate Debtor had defaulted on payments and that the dispute was raised only after the demand notice.
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The case involves an application filed by Sangeeta Ajmera Prop. M/s The Manpower, an operational creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Shree Gangour Foods (Jaipur) LLP for alleged default on repayment of operational debt amounting to Rs. 12,22,726/-.
Sangeeta Ajmera Prop. M/s The Manpower filed an application under Section 9 of the IBC to initiate CIRP against Shree Gangour Foods (Jaipur) LLP.
The alleged default amount is Rs. 12,22,726/-.
The Operational Creditor and Corporate Debtor entered into agreements for manpower supply, dated 16.06.2017 and 06.06.2018.
A demand notice dated 24.07.2019 was sent to the Corporate Debtor for repayment of the unpaid operational debt.
The Corporate Debtor replied to the demand notice on 08.08.2019, denying any liability.
The Corporate Debtor contended that there was a pre-existing dispute and that the amount claimed was not due.
The Operational Creditor submitted that the Corporate Debtor had defaulted on payments and that the dispute was raised only after the demand notice.
…The Operational Creditor entered into an…
The parties entered…