The case pertains to a petition filed by Vishal Steels, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Indotech Industrial Solutions Pvt Ltd, the Corporate Debtor.
Vishal Steels filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking initiation of CIRP against Indotech Industrial Solutions Pvt Ltd.
Vishal Steels is claiming Rs. 18,67,006/- with subsequent interest based on invoices dated 19.12.2017.
Operational Creditor issued a demand notice on 03.08.2019, calling upon the Corporate Debtor to pay the outstanding amount.
Indotech Industrial Solutions Pvt Ltd appeared through Advocate Mr. Ansari Faiyaz Ahmed but did not file an Affidavit in Reply.
The Adjudicating Authority admitted the petition and ordered initiation of CIRP against the Corporate Debtor.
A moratorium under Section 14 of the IBC was declared.
Mr. Uday Shreeram Sakrikar was appointed as the Interim Resolution Professional (IRP).
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Invoices were issued on…
Operational Creditor…
The case pertains to a petition filed by Vishal Steels, an Operational Creditor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Indotech Industrial Solutions Pvt Ltd, the Corporate Debtor.
Vishal Steels filed a petition under Section 9 of the Insolvency & Bankruptcy Code, 2016, seeking initiation of CIRP against Indotech Industrial Solutions Pvt Ltd.
Vishal Steels is claiming Rs. 18,67,006/- with subsequent interest based on invoices dated 19.12.2017.
Operational Creditor issued a demand notice on 03.08.2019, calling upon the Corporate Debtor to pay the outstanding amount.
Indotech Industrial Solutions Pvt Ltd appeared through Advocate Mr. Ansari Faiyaz Ahmed but did not file an Affidavit in Reply.
The Adjudicating Authority admitted the petition and ordered initiation of CIRP against the Corporate Debtor.
A moratorium under Section 14 of the IBC was declared.
Mr. Uday Shreeram Sakrikar was appointed as the Interim Resolution Professional (IRP).
…Invoices were issued on…
Operational Creditor…