Indiacrete Ready Mix Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Theme Developers Private Limited, seeking the commencement of CIRP, appointment of IRP, and declaration of moratorium.
Indiacrete Ready Mix Private Limited (Operational Creditor) filed an application under Section 9 of the IBC against Theme Developers Private Limited (Corporate Debtor).
The total debt claimed in the application is Rs. 2,03,17,263.28, comprising a principal amount of Rs. 1,44,30,033 and interest of Rs. 58,87,230.28.
The Operational Creditor is engaged in the business of producing Ready-Mix Concrete, while the Corporate Debtor is engaged in the business of construction.
The Corporate Debtor issued several purchase orders to the Operational Creditor for the supply of Ready-Mix Concrete.
The Operational Creditor raised invoices for a total value of Rs. 6,32,08,162 between March 2022 and November 2022.
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Operational Creditor…
Operational Creditor…
Indiacrete Ready Mix Private Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Theme Developers Private Limited, seeking the commencement of CIRP, appointment of IRP, and declaration of moratorium.
Indiacrete Ready Mix Private Limited (Operational Creditor) filed an application under Section 9 of the IBC against Theme Developers Private Limited (Corporate Debtor).
The total debt claimed in the application is Rs. 2,03,17,263.28, comprising a principal amount of Rs. 1,44,30,033 and interest of Rs. 58,87,230.28.
The Operational Creditor is engaged in the business of producing Ready-Mix Concrete, while the Corporate Debtor is engaged in the business of construction.
The Corporate Debtor issued several purchase orders to the Operational Creditor for the supply of Ready-Mix Concrete.
The Operational Creditor raised invoices for a total value of Rs. 6,32,08,162 between March 2022 and November 2022.
…Operational Creditor…
Operational Creditor…