Voyager Trading Partners LLC filed a petition under Section 9 of the IBC, 2016, seeking initiation of CIRP against Vittal Cashew Industries Private Limited due to unpaid operational debt.
Voyager Trading Partners LLC (Operational Creditor) filed a petition under Section 9 of the IBC, 2016, against Vittal Cashew Industries Private Limited (Corporate Debtor).
The Operational Creditor claimed a default amount of USD 363,452.00 (equivalent to Rs. 3,22,63,634/-) as of 15th October 2025.
The Corporate Debtor acknowledged its liability but requested extensions of time for payment, citing a slowdown in demand and liquidity issues.
The Corporate Debtor made partial payments aggregating to USD 260,000 between 21st March 2025 and 29th July 2025, but the remaining balance remained unpaid.
The Corporate Debtor claimed that the amount claimed by the Operational Creditor was inflated and that there was a pre-existing dispute.
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The petition was filed…
The order was delivered…
Voyager Trading Partners LLC filed a petition under Section 9 of the IBC, 2016, seeking initiation of CIRP against Vittal Cashew Industries Private Limited due to unpaid operational debt.
Voyager Trading Partners LLC (Operational Creditor) filed a petition under Section 9 of the IBC, 2016, against Vittal Cashew Industries Private Limited (Corporate Debtor).
The Operational Creditor claimed a default amount of USD 363,452.00 (equivalent to Rs. 3,22,63,634/-) as of 15th October 2025.
The Corporate Debtor acknowledged its liability but requested extensions of time for payment, citing a slowdown in demand and liquidity issues.
The Corporate Debtor made partial payments aggregating to USD 260,000 between 21st March 2025 and 29th July 2025, but the remaining balance remained unpaid.
The Corporate Debtor claimed that the amount claimed by the Operational Creditor was inflated and that there was a pre-existing dispute.
…The petition was filed…
The order was delivered…