Dhanvridhi Polyfabs Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Leonard Exports Private Limited, alleging failure to pay outstanding dues.
Dhanvridhi Polyfabs Private Limited filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The petition sought to initiate CIRP against Leonard Exports Private Limited.
The Corporate Debtor allegedly failed to pay a sum of Rs.40,70,879/- to the Operational Creditor.
The Operational Creditor raised several invoices dated 24.09.2016, 20.10.2016, and 03.11.2016.
The Operational Creditor sent a notice in FORM 4 to the Corporate Debtor asking for clearance of outstanding dues, delivered on 06.06.2019.
The Corporate Debtor did not dispute the services provided or the outstanding dues after receiving the statutory notice.
The Adjudicating Authority found that the Corporate Debtor was in default of a debt exceeding Rupees one lakh.
…Sign in to view the parties.
The present petition…
The matter was directed…
Dhanvridhi Polyfabs Private Limited filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Leonard Exports Private Limited, alleging failure to pay outstanding dues.
Dhanvridhi Polyfabs Private Limited filed a Company Petition under Section 9 of the Insolvency and Bankruptcy Code, 2016.
The petition sought to initiate CIRP against Leonard Exports Private Limited.
The Corporate Debtor allegedly failed to pay a sum of Rs.40,70,879/- to the Operational Creditor.
The Operational Creditor raised several invoices dated 24.09.2016, 20.10.2016, and 03.11.2016.
The Operational Creditor sent a notice in FORM 4 to the Corporate Debtor asking for clearance of outstanding dues, delivered on 06.06.2019.
The Corporate Debtor did not dispute the services provided or the outstanding dues after receiving the statutory notice.
The Adjudicating Authority found that the Corporate Debtor was in default of a debt exceeding Rupees one lakh.
…The present petition…
The matter was directed…