Vishnu Traders, an operational creditor, filed a Section 9 application under the Insolvency and Bankruptcy Code, 2016, against Dee Cee Coal Carriers Pvt. Ltd., the corporate debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt.
Vishnu Traders, the operational creditor, supplied biochemical products to Dee Cee Coal Carriers Pvt. Ltd., the corporate debtor, between October 2021 and March 2022.
The total operational debt claimed is Rs. 38,954,353.28 as of 31.05.2024, comprising a principal amount of Rs. 27,130,845 and interest of Rs. 11,823,508.28.
A statutory demand notice under Section 8 of the IBC was issued on 04.06.2024, demanding payment of the outstanding amount, but no reply or notice of dispute was received from the corporate debtor.
The corporate debtor failed to make full payments for the supplies, leading to a default commencing from 15.11.2021 and continuing up to 15.04.2022.
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A statutory demand…
The present petition was filed under Section 9…
Vishnu Traders, an operational creditor, filed a Section 9 application under the Insolvency and Bankruptcy Code, 2016, against Dee Cee Coal Carriers Pvt. Ltd., the corporate debtor, for initiation of the Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt.
Vishnu Traders, the operational creditor, supplied biochemical products to Dee Cee Coal Carriers Pvt. Ltd., the corporate debtor, between October 2021 and March 2022.
The total operational debt claimed is Rs. 38,954,353.28 as of 31.05.2024, comprising a principal amount of Rs. 27,130,845 and interest of Rs. 11,823,508.28.
A statutory demand notice under Section 8 of the IBC was issued on 04.06.2024, demanding payment of the outstanding amount, but no reply or notice of dispute was received from the corporate debtor.
The corporate debtor failed to make full payments for the supplies, leading to a default commencing from 15.11.2021 and continuing up to 15.04.2022.
…A statutory demand…
The present petition was filed under Section 9…