M/S Vinayak Wire Products Pvt. Ltd., an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/S Abir Infrastructure Pvt. Ltd., the corporate debtor, for unpaid operational debt. The applicant claimed that they supplied GI WIRE 85 WG to the respondent as per a purchase order dated 26.09.2011. An invoice was raised on 05.11.2011 for Rs. 9,56,377/-, and a partial payment of Rs. 3,00,000/- was made on 16.11.2013. Despite repeated requests and reminders, the remaining amount of Rs. 6,56,377/- remained unpaid. A legal notice was issued on 04.10.2016 under Section 434 of the Companies Act, 1956. Subsequently, a demand notice was issued on 24.03.2018 under Section 8 of the IBC, 2016.
M/S Vinayak Wire Products Pvt. Ltd. (Operational Creditor) supplied GI WIRE 85 WG to M/S Abir Infrastructure Pvt. Ltd. (Corporate Debtor) as per purchase order dated 26.09.2011. An invoice dated 05.11.2011 for Rs. 9,56,377/- was raised. The Corporate Debtor made a partial payment of Rs. 3,00,000/- on 16.11.2013, leaving a balance of Rs. 6,56,377/-. Despite reminders, the Corporate Debtor failed to pay the outstanding amount. The Corporate Debtor acknowledged the debt via email on 04.06.2013. A legal notice was issued on 04.10.2016 under Section 434 of the Companies Act, 1956. Subsequently, a demand notice was issued on 24.03.2018 under Section 8 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor filed an application under Section 9 of the IBC, 2016,
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Purchase order issued by respondent company to…
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M/S Vinayak Wire Products Pvt. Ltd., an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/S Abir Infrastructure Pvt. Ltd., the corporate debtor, for unpaid operational debt. The applicant claimed that they supplied GI WIRE 85 WG to the respondent as per a purchase order dated 26.09.2011. An invoice was raised on 05.11.2011 for Rs. 9,56,377/-, and a partial payment of Rs. 3,00,000/- was made on 16.11.2013. Despite repeated requests and reminders, the remaining amount of Rs. 6,56,377/- remained unpaid. A legal notice was issued on 04.10.2016 under Section 434 of the Companies Act, 1956. Subsequently, a demand notice was issued on 24.03.2018 under Section 8 of the IBC, 2016.
M/S Vinayak Wire Products Pvt. Ltd. (Operational Creditor) supplied GI WIRE 85 WG to M/S Abir Infrastructure Pvt. Ltd. (Corporate Debtor) as per purchase order dated 26.09.2011. An invoice dated 05.11.2011 for Rs. 9,56,377/- was raised. The Corporate Debtor made a partial payment of Rs. 3,00,000/- on 16.11.2013, leaving a balance of Rs. 6,56,377/-. Despite reminders, the Corporate Debtor failed to pay the outstanding amount. The Corporate Debtor acknowledged the debt via email on 04.06.2013. A legal notice was issued on 04.10.2016 under Section 434 of the Companies Act, 1956. Subsequently, a demand notice was issued on 24.03.2018 under Section 8 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor filed an application under Section 9 of the IBC, 2016,
…Purchase order issued by respondent company to…
Applicant company…