SRF Limited, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Birla Tyres Limited, the Corporate Debtor, due to unpaid operational debt.
SRF Limited (Operational Creditor) filed CP (IB) No. 250/KB/2021 under Section 9 of the IBC against Birla Tyres Limited (Corporate Debtor).
The Operational Creditor served a notice under Section 8(1) of the Code on the Corporate Debtor on 23 July 2021.
The Corporate Debtor did not reply to the Section 8 notice.
The demand/invoice under Section 9(3)(a) of the Code was for Rs. 15,84,53,695.75, including principal and interest.
The Corporate Debtor admitted to owing Rs. 10.18 Crore to the Operational Creditor via an email dated 3-06-2020.
The Corporate Debtor proposed a payment plan to the Operational Creditor via email dated 19-06-2020.
The last payment made by the Corporate Debtor to the Operational Creditor was Rs. 10,00,000 on 31-10-2020.
…Sign in to view the parties.
Adjudicating Authority…
The notice was received by the Corporate Debtor…
SRF Limited, an Operational Creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Birla Tyres Limited, the Corporate Debtor, due to unpaid operational debt.
SRF Limited (Operational Creditor) filed CP (IB) No. 250/KB/2021 under Section 9 of the IBC against Birla Tyres Limited (Corporate Debtor).
The Operational Creditor served a notice under Section 8(1) of the Code on the Corporate Debtor on 23 July 2021.
The Corporate Debtor did not reply to the Section 8 notice.
The demand/invoice under Section 9(3)(a) of the Code was for Rs. 15,84,53,695.75, including principal and interest.
The Corporate Debtor admitted to owing Rs. 10.18 Crore to the Operational Creditor via an email dated 3-06-2020.
The Corporate Debtor proposed a payment plan to the Operational Creditor via email dated 19-06-2020.
The last payment made by the Corporate Debtor to the Operational Creditor was Rs. 10,00,000 on 31-10-2020.
…Adjudicating Authority…
The notice was received by the Corporate Debtor…