Gujarat Metal Rolling Mills, an Operational Creditor (OC), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Bhanu Cosmetics Packaging Private Limited, the Corporate Debtor (CD), due to unpaid invoices.
Gujarat Metal Rolling Mills (OC) filed CP (IB) No. 4171/MB/2019 under Section 9 of IBC against Bhanu Cosmetics Packaging Private Limited (CD).
The alleged default amount is Rs. 19,90,193/-, comprising principal (Rs. 13,90,506/-) and interest (Rs. 5,99,687/-).
The default is based on 13 unpaid invoices issued by the OC for goods supplied between November 2016 and April 2017.
The date of default mentioned in the application is 17.11.2016.
The application was initially withdrawn due to a settlement (MoS) dated 05.10.2023, but was later revived due to non-compliance of the MoS.
The CD made a part-payment of Rs. 10,020/- on the first invoice.
The OC issued a demand notice dated 20.09.2019 under Section 8 of the IBC.
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CP (IB) No. 4171/MB/2019…
Application withdrawn as settled vide order…
Gujarat Metal Rolling Mills, an Operational Creditor (OC), filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) to initiate Corporate Insolvency Resolution Process (CIRP) against Bhanu Cosmetics Packaging Private Limited, the Corporate Debtor (CD), due to unpaid invoices.
Gujarat Metal Rolling Mills (OC) filed CP (IB) No. 4171/MB/2019 under Section 9 of IBC against Bhanu Cosmetics Packaging Private Limited (CD).
The alleged default amount is Rs. 19,90,193/-, comprising principal (Rs. 13,90,506/-) and interest (Rs. 5,99,687/-).
The default is based on 13 unpaid invoices issued by the OC for goods supplied between November 2016 and April 2017.
The date of default mentioned in the application is 17.11.2016.
The application was initially withdrawn due to a settlement (MoS) dated 05.10.2023, but was later revived due to non-compliance of the MoS.
The CD made a part-payment of Rs. 10,020/- on the first invoice.
The OC issued a demand notice dated 20.09.2019 under Section 8 of the IBC.
…CP (IB) No. 4171/MB/2019…
Application withdrawn as settled vide order…