Rexel India Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Proto D Industries Private Limited, claiming a default of Rs. 5,82,19,776.
Rexel India Private Limited filed C.P. (IB) No.417/MB/2025 on 10.07.2024 under Section 9 of the IBC.
The application was signed by Mr. Suraj Alhat, authorized by a Board Resolution dated 24.01.2024.
The total amount claimed to be in default by the Applicant is Rs. 5,82,19,776.
The dates of default are mentioned as 29.05.2023 onwards, based on a 45-day credit period.
Proto D Industries Private Limited issued an undertaking dated 24.07.2023 to pay Rs. 6,31,27,094.
The Applicant sent a Demand Notice dated 12.04.2024 under Section 8 of the Code.
The NeSL record of default in Form D shows the status of authentication as “Deemed to be Authenticated”.
Proceedings under Section 138 of the Negotiable Instruments Act are pending against the CD.
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Rexel India Private…
Board Resolution dated…
Rexel India Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Proto D Industries Private Limited, claiming a default of Rs. 5,82,19,776.
Rexel India Private Limited filed C.P. (IB) No.417/MB/2025 on 10.07.2024 under Section 9 of the IBC.
The application was signed by Mr. Suraj Alhat, authorized by a Board Resolution dated 24.01.2024.
The total amount claimed to be in default by the Applicant is Rs. 5,82,19,776.
The dates of default are mentioned as 29.05.2023 onwards, based on a 45-day credit period.
Proto D Industries Private Limited issued an undertaking dated 24.07.2023 to pay Rs. 6,31,27,094.
The Applicant sent a Demand Notice dated 12.04.2024 under Section 8 of the Code.
The NeSL record of default in Form D shows the status of authentication as “Deemed to be Authenticated”.
Proceedings under Section 138 of the Negotiable Instruments Act are pending against the CD.
…Rexel India Private…
Board Resolution dated…