Greta Steels Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 to initiate CIRP against Kamachi Steels Private Limited.

Greta Steels is an operational creditor dealing in mild steel scrap, billets, and TMT bars.

Kamachi Steels is the corporate debtor, with its registered office in Chennai.

The Operational Creditor claimed a default of Rs. 20,59,96,361/- as of the date of filing the petition.

The Corporate Debtor acknowledged the debt in a reply letter dated 16.12.2024.

The Corporate Debtor's account became NPA on 29.02.2020 due to financial difficulties.

There were business dealings between the Operational Creditor and the Corporate Debtor since November 2013, involving sales and purchases of materials.

Greta Steels Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 to initiate CIRP against Kamachi Steels Private Limited.

Greta Steels is an operational creditor dealing in mild steel scrap, billets, and TMT bars.

Kamachi Steels is the corporate debtor, with its registered office in Chennai.

The Operational Creditor claimed a default of Rs. 20,59,96,361/- as of the date of filing the petition.

The Corporate Debtor acknowledged the debt in a reply letter dated 16.12.2024.

The Corporate Debtor's account became NPA on 29.02.2020 due to financial difficulties.

There were business dealings between the Operational Creditor and the Corporate Debtor since November 2013, involving sales and purchases of materials.