The case involves an application filed by Jitendra Jain, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against West Bengal Agro Textiles Corporation Limited, the Corporate Debtor.
The Corporate Debtor placed several purchase orders for the supply of raw jute for jute goods production at their Unit Bharat Jute Mill, Dasnagar, Howrah.
The Operational Creditor raised invoices for the supply of goods after delivery and acceptance, issuing Mill Receipts in favor of the Operational Creditor.
The value of outstanding invoices raised by the Operational Creditor for the period 30.11.2021 to 31.12.2021 is Rs. 1,19,36,635/-.
The Corporate Debtor made part payments against MR Nos. 127, 128, and 131, totaling Rs. 21,24,637.08/-, with the last payment made on 28.02.2023.
The Corporate Debtor admitted the dues of the Operational Creditor through several letters, with the last admission on 06.03.2023.
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The case involves an application filed by Jitendra Jain, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against West Bengal Agro Textiles Corporation Limited, the Corporate Debtor.
The Corporate Debtor placed several purchase orders for the supply of raw jute for jute goods production at their Unit Bharat Jute Mill, Dasnagar, Howrah.
The Operational Creditor raised invoices for the supply of goods after delivery and acceptance, issuing Mill Receipts in favor of the Operational Creditor.
The value of outstanding invoices raised by the Operational Creditor for the period 30.11.2021 to 31.12.2021 is Rs. 1,19,36,635/-.
The Corporate Debtor made part payments against MR Nos. 127, 128, and 131, totaling Rs. 21,24,637.08/-, with the last payment made on 28.02.2023.
The Corporate Debtor admitted the dues of the Operational Creditor through several letters, with the last admission on 06.03.2023.
…Start date of the period for which outstanding…
End date of the period for which outstanding…