Baba Trading, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Roy Agrovets Private Limited, the corporate debtor, due to unpaid dues for the supply of maize.
Baba Trading, an operational creditor, supplied maize to Roy Agrovets Private Limited, the corporate debtor.
The corporate debtor defaulted on payments for the maize supplied between September 2024 and January 2025.
The total amount claimed to be in default by the operational creditor is Rs. 1,01,90,778.75/-.
The date of default is mentioned as 31/01/2025.
The operational creditor issued a demand notice dated April 1, 2025, under section 8 of the Code, which was not replied to by the corporate debtor.
The corporate debtor admitted to the outstanding debt of Rs. 1,01,90,778.75/- but cited financial constraints as the reason for non-payment.
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Roy Agrovets Private…
Operational Creditor supplied maize to…
Baba Trading, an operational creditor, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Roy Agrovets Private Limited, the corporate debtor, due to unpaid dues for the supply of maize.
Baba Trading, an operational creditor, supplied maize to Roy Agrovets Private Limited, the corporate debtor.
The corporate debtor defaulted on payments for the maize supplied between September 2024 and January 2025.
The total amount claimed to be in default by the operational creditor is Rs. 1,01,90,778.75/-.
The date of default is mentioned as 31/01/2025.
The operational creditor issued a demand notice dated April 1, 2025, under section 8 of the Code, which was not replied to by the corporate debtor.
The corporate debtor admitted to the outstanding debt of Rs. 1,01,90,778.75/- but cited financial constraints as the reason for non-payment.
…Roy Agrovets Private…
Operational Creditor supplied maize to…