Ashu Agencies, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Al-Dua Food Processing Pvt. Ltd., the corporate debtor, due to an alleged default of Rs. 2,48,46,299.76/-.
Ashu Agencies, an operational creditor, filed an application under Section 9 of the IBC to initiate CIRP against Al-Dua Food Processing Pvt. Ltd.
The alleged default amount is Rs. 2,48,46,299.76/-.
Al-Dua Food Processing Pvt. Ltd. is involved in the production, processing, and preservation of meat and meat products.
The Corporate Debtor had placed oral purchase orders with the Operational Creditor for supply of Kraft Paper reels.
The Corporate Debtor claims that the liability was transferred to M/s M.K. Overseas Pvt. Ltd.
The Operational Creditor issued a demand notice dated 25.07.2019 under Section 8(1) of the Insolvency and Bankruptcy Code, 2016.
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Operational Creditor…
Adjudicating Authority initiated CIRP against…
Ashu Agencies, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Al-Dua Food Processing Pvt. Ltd., the corporate debtor, due to an alleged default of Rs. 2,48,46,299.76/-.
Ashu Agencies, an operational creditor, filed an application under Section 9 of the IBC to initiate CIRP against Al-Dua Food Processing Pvt. Ltd.
The alleged default amount is Rs. 2,48,46,299.76/-.
Al-Dua Food Processing Pvt. Ltd. is involved in the production, processing, and preservation of meat and meat products.
The Corporate Debtor had placed oral purchase orders with the Operational Creditor for supply of Kraft Paper reels.
The Corporate Debtor claims that the liability was transferred to M/s M.K. Overseas Pvt. Ltd.
The Operational Creditor issued a demand notice dated 25.07.2019 under Section 8(1) of the Insolvency and Bankruptcy Code, 2016.
…Operational Creditor…
Adjudicating Authority initiated CIRP against…