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 an application under Section 9 of the IBC claiming a default of Rs. 5,82,19,776 by Proto D Industries Private Limited.
The application was filed on 10.07.2024.
The applicant relied on purchase orders, invoices, and a demand notice dated 12.04.2024.
Proto D Industries Private Limited argued that the application was not maintainable due to pending proceedings under Section 138 of the Negotiable Instruments Act.
The corporate debtor had issued an undertaking on 24.07.2023 to pay Rs. 6,31,27,094 against supplies made by Rexel India Private Limited.
The NeSL record of default in Form D was deemed to be authenticated.
The date of default mentioned by the applicant is 29.05.2023 onwards.
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Rexel India Private…
Mr. Suraj Alhat authorised vide Board…
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 an application under Section 9 of the IBC claiming a default of Rs. 5,82,19,776 by Proto D Industries Private Limited.
The application was filed on 10.07.2024.
The applicant relied on purchase orders, invoices, and a demand notice dated 12.04.2024.
Proto D Industries Private Limited argued that the application was not maintainable due to pending proceedings under Section 138 of the Negotiable Instruments Act.
The corporate debtor had issued an undertaking on 24.07.2023 to pay Rs. 6,31,27,094 against supplies made by Rexel India Private Limited.
The NeSL record of default in Form D was deemed to be authenticated.
The date of default mentioned by the applicant is 29.05.2023 onwards.
…Rexel India Private…
Mr. Suraj Alhat authorised vide Board…