M/s Pradyuman Overseas Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Vanya Edible Oils & Refineries Private Limited, claiming default in payment of operational debt.
M/s Pradyuman Overseas Limited (Operational Creditor/Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s Vanya Edible Oils & Refineries Private Limited (Corporate Debtor/Respondent).
The total amount of default alleged is Rs. 1,15,01,373, which became due between 11.09.2023 and 03.10.2023.
The Corporate Debtor issued a cheque for Rs. 1,20,00,000, which was dishonored on 17.10.2024.
The Operational Creditor issued a demand notice on 17.10.2024 for default in payment.
The Corporate Debtor made a part payment of Rs. 5,00,000 on 25.10.2024.
…Sign in to view the parties.
The Corporate Debtor approached the…
Cheque bearing…
M/s Pradyuman Overseas Limited filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Vanya Edible Oils & Refineries Private Limited, claiming default in payment of operational debt.
M/s Pradyuman Overseas Limited (Operational Creditor/Applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate CIRP against M/s Vanya Edible Oils & Refineries Private Limited (Corporate Debtor/Respondent).
The total amount of default alleged is Rs. 1,15,01,373, which became due between 11.09.2023 and 03.10.2023.
The Corporate Debtor issued a cheque for Rs. 1,20,00,000, which was dishonored on 17.10.2024.
The Operational Creditor issued a demand notice on 17.10.2024 for default in payment.
The Corporate Debtor made a part payment of Rs. 5,00,000 on 25.10.2024.
…The Corporate Debtor approached the…
Cheque bearing…