Joys Steel Impex filed an application under Section 9 of the IBC to initiate CIRP against Pentech Metals Limited.

The amount claimed to be in default is Rs. 31,79,49,187.54, including principal and interest.

The date of default mentioned in the application is 05.09.2019.

Joys Steel Impex supplied HR Coils to Pentech Metals Limited in 2019.

Pentech Metals Limited acknowledged receipt of the Applicant's letters on 05.12.2022 and requested time to clear the dues.

The Corporate Debtor (CD) made part payments amounting to Rs. 16,79,47,557/- towards certain invoices.

The CD issued a written communication dated 05.12.2022 acknowledging financial distress and outstanding liability.

The Applicant proposed Ms. Dipti Narayan Mundra as the Interim Resolution Professional (IRP).

Joys Steel Impex filed an application under Section 9 of the IBC to initiate CIRP against Pentech Metals Limited.

The amount claimed to be in default is Rs. 31,79,49,187.54, including principal and interest.

The date of default mentioned in the application is 05.09.2019.

Joys Steel Impex supplied HR Coils to Pentech Metals Limited in 2019.

Pentech Metals Limited acknowledged receipt of the Applicant's letters on 05.12.2022 and requested time to clear the dues.

The Corporate Debtor (CD) made part payments amounting to Rs. 16,79,47,557/- towards certain invoices.

The CD issued a written communication dated 05.12.2022 acknowledging financial distress and outstanding liability.

The Applicant proposed Ms. Dipti Narayan Mundra as the Interim Resolution Professional (IRP).