M/s. Uma Exports Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Epic Yarns Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The application claimed a default of Rs. 2,57,05,145/-, including principal and interest, arising from the supply of cotton bales. The date of default was stated as 12.08.2024.
M/s. Uma Exports Limited (Operational Creditor) filed C.P. (IB) No. 898 of 2025 on 17.06.2025 under Section 9 of the IBC, 2016, against M/s. Epic Yarns Private Limited (Corporate Debtor).
The Operational Creditor sought initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor.
The claimed amount in default is Rs. 2,57,05,145/-, which includes a principal outstanding of Rs. 2,40,12,566/- and interest of Rs. 14,47,203/-.
The debt arose from the supply of bales of cotton by the Operational Creditor to the Corporate Debtor.
The date of default is stated to be 12.08.2024, against the first invoice becoming due and payable.
Klass Insolvency Resolution Professionals Private Limited was proposed to act as the Interim Resolution Professional (IRP).
…Sign in to view the parties.
The Operational…
The Operational Creditor…
M/s. Uma Exports Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Epic Yarns Private Limited (Corporate Debtor) for initiating Corporate Insolvency Resolution Process (CIRP). The application claimed a default of Rs. 2,57,05,145/-, including principal and interest, arising from the supply of cotton bales. The date of default was stated as 12.08.2024.
M/s. Uma Exports Limited (Operational Creditor) filed C.P. (IB) No. 898 of 2025 on 17.06.2025 under Section 9 of the IBC, 2016, against M/s. Epic Yarns Private Limited (Corporate Debtor).
The Operational Creditor sought initiation of Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor.
The claimed amount in default is Rs. 2,57,05,145/-, which includes a principal outstanding of Rs. 2,40,12,566/- and interest of Rs. 14,47,203/-.
The debt arose from the supply of bales of cotton by the Operational Creditor to the Corporate Debtor.
The date of default is stated to be 12.08.2024, against the first invoice becoming due and payable.
Klass Insolvency Resolution Professionals Private Limited was proposed to act as the Interim Resolution Professional (IRP).
…The Operational…
The Operational Creditor…