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NCLT Kolkata Admits CIRP for Non-Payment of Operational Debt
Case Law Details
- Case Name
- Burdwan Kraft Board LLP Vs Narayani Packaging Private Limited (NCLT Kolkata)l C.P (IB) NO. 277/KB/2024
- Appeal Number
- Only available for paid members
- Courts
- NCLT
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Burdwan Kraft Board LLP Vs Narayani Packaging Private Limited (NCLT Kolkata)
Burdwan Kraft Board LLP (“Operational Creditor”) filed an application under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016, before the NCLT Kolkata against Narayani Packaging Private Limited (“Corporate Debtor”) seeking initiation of the Corporate Insolvency Resolution Process (CIRP) for non-payment of operational debt of Rs. 1,61,71,301/-. The dispute arose from supplies of kraft papers provided by the Operational Creditor between 22nd July 2023 and 3rd November 2023 pursuant to ...
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