Gagandeep Dudh Sankalan Kendra, an operational creditor, filed an application under Section 9 of the IBC to initiate CIRP against Kute Sons Dairys Limited, the corporate debtor, due to an outstanding operational debt of Rs. 1,55,84,847/- with a default date of 03.05.2024.
The application was filed on 23.11.2024 by Gagandeep Dudh Sankalan Kendra under Section 9 of the IBC.
The amount claimed to be in default is Rs. 1,55,84,847/- and the date of default is 03.05.2024.
The applicant proposed Kunal Jayant Waje as the Interim Resolution Professional (IRP).
The applicant supplied milk to the corporate debtor from August 2019 to January 2024.
The applicant was in possession of 26 post-dated cheques, each amounting to Rs. 5,00,000/-, dated between 15.01.2024 and 26.03.2024, which were dishonored.
The corporate debtor acknowledged the outstanding debt through a letter dated 18.04.2024, promising payment within 15 days.
A demand notice was issued on 23.10.2024 and delivered on 29.10.2024, but the corporate debtor refused to accept it.
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C.P. (IB) No. 161 of…
Date of default as…
Gagandeep Dudh Sankalan Kendra, an operational creditor, filed an application under Section 9 of the IBC to initiate CIRP against Kute Sons Dairys Limited, the corporate debtor, due to an outstanding operational debt of Rs. 1,55,84,847/- with a default date of 03.05.2024.
The application was filed on 23.11.2024 by Gagandeep Dudh Sankalan Kendra under Section 9 of the IBC.
The amount claimed to be in default is Rs. 1,55,84,847/- and the date of default is 03.05.2024.
The applicant proposed Kunal Jayant Waje as the Interim Resolution Professional (IRP).
The applicant supplied milk to the corporate debtor from August 2019 to January 2024.
The applicant was in possession of 26 post-dated cheques, each amounting to Rs. 5,00,000/-, dated between 15.01.2024 and 26.03.2024, which were dishonored.
The corporate debtor acknowledged the outstanding debt through a letter dated 18.04.2024, promising payment within 15 days.
A demand notice was issued on 23.10.2024 and delivered on 29.10.2024, but the corporate debtor refused to accept it.
…C.P. (IB) No. 161 of…
Date of default as…