Shree Hari Yarns Private Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Ahuja Synfab Private Limited (Corporate Debtor). The Operational Creditor alleged a total default of Rs.1,41,98,849/-, comprising a principal amount for yarn supplied and interest for delayed payments, as per invoices containing an 18% p.a. interest clause. The Corporate Debtor had made some delayed payments but failed to clear the outstanding dues despite multiple demand notices.
Shree Hari Yarns Private Ltd. (Operational Creditor) filed a CIRP application against Ahuja Synfab Private Limited (Corporate Debtor) under Section 9 of the IBC.
The application, C.P. (IB) No.747/MB/2024, was filed on 27.09.2024.
The alleged total default amount is Rs.1,41,98,849/- as of 20.04.2024.
This amount includes a principal of Rs.1,10,42,055/- and interest of Rs.31,56,794/-.
Eight unpaid invoices are annexed with the petition, each containing a clause for 18% p.a. interest on delayed payments.
The record of default was notified to the Information Utility.
The Operational Creditor supplied various types of yarn to the Corporate Debtor from November 2022 to January 2023, raising invoices aggregating to Rs.1,32,63,935.
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Shree Hari Yarns Private Ltd. (OC) began…
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Shree Hari Yarns Private Ltd. (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Ahuja Synfab Private Limited (Corporate Debtor). The Operational Creditor alleged a total default of Rs.1,41,98,849/-, comprising a principal amount for yarn supplied and interest for delayed payments, as per invoices containing an 18% p.a. interest clause. The Corporate Debtor had made some delayed payments but failed to clear the outstanding dues despite multiple demand notices.
Shree Hari Yarns Private Ltd. (Operational Creditor) filed a CIRP application against Ahuja Synfab Private Limited (Corporate Debtor) under Section 9 of the IBC.
The application, C.P. (IB) No.747/MB/2024, was filed on 27.09.2024.
The alleged total default amount is Rs.1,41,98,849/- as of 20.04.2024.
This amount includes a principal of Rs.1,10,42,055/- and interest of Rs.31,56,794/-.
Eight unpaid invoices are annexed with the petition, each containing a clause for 18% p.a. interest on delayed payments.
The record of default was notified to the Information Utility.
The Operational Creditor supplied various types of yarn to the Corporate Debtor from November 2022 to January 2023, raising invoices aggregating to Rs.1,32,63,935.
…Shree Hari Yarns Private Ltd. (OC) began…
Shree Hari Yarns Private Ltd. (OC) concluded…