Akzo Nobel India Limited (later JSW Dulux Limited), as the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Shree Gopal Auto Private Limited, the Corporate Debtor. The debt arose from Bodyshop Agreements dated 02.02.2023 and 23.01.2024, where the Financial Creditor provided financial assistance in exchange for the Corporate Debtor's commitment to exclusively procure paint products. The Corporate Debtor failed to meet its minimum purchase obligations and payment terms, leading to a cumulative shortfall of Rs. 1,36,01,607/- as of August 2025, and a total outstanding financial debt of Rs. 3,60,11,117/- as of 10.09.2025. Promissory notes and personal
…Akzo Nobel India Limited (later JSW Dulux Limited) filed an application under Section 7 of the IBC, 2016, to initiate CIRP against M/s Shree Gopal Auto Private Limited.
The Corporate Debtor, M/s Shree Gopal Auto Private Limited, was incorporated on 01.02.2011.
The Applicant and Corporate Debtor entered into Bodyshop Agreements dated 02.02.2023 and 23.01.2024.
Under these agreements, the Corporate Debtor committed to exclusively procure paint products from the Applicant.
The Applicant extended financial assistance to the Corporate Debtor, disbursing Rs. 86,40,000/- on 27.02.2023 and Rs. 1,29,60,000/- on 10.02.2024.
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M/s Shree Gopal Auto…
The first Bodyshop Agreement was entered into,…
Akzo Nobel India Limited (later JSW Dulux Limited), as the Financial Creditor, filed an application under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Shree Gopal Auto Private Limited, the Corporate Debtor. The debt arose from Bodyshop Agreements dated 02.02.2023 and 23.01.2024, where the Financial Creditor provided financial assistance in exchange for the Corporate Debtor's commitment to exclusively procure paint products. The Corporate Debtor failed to meet its minimum purchase obligations and payment terms, leading to a cumulative shortfall of Rs. 1,36,01,607/- as of August 2025, and a total outstanding financial debt of Rs. 3,60,11,117/- as of 10.09.2025. Promissory notes and personal
…Akzo Nobel India Limited (later JSW Dulux Limited) filed an application under Section 7 of the IBC, 2016, to initiate CIRP against M/s Shree Gopal Auto Private Limited.
The Corporate Debtor, M/s Shree Gopal Auto Private Limited, was incorporated on 01.02.2011.
The Applicant and Corporate Debtor entered into Bodyshop Agreements dated 02.02.2023 and 23.01.2024.
Under these agreements, the Corporate Debtor committed to exclusively procure paint products from the Applicant.
The Applicant extended financial assistance to the Corporate Debtor, disbursing Rs. 86,40,000/- on 27.02.2023 and Rs. 1,29,60,000/- on 10.02.2024.
…M/s Shree Gopal Auto…
The first Bodyshop Agreement was entered into,…