• Labour Law
  • News
  • IN THE MATTER OF: Polymet SA (S) Pte. Limited Vs. Shree Tel Fab Industries Private Limited
  • Shweta Verma
  • img March 30, 2026

IN THE MATTER OF: Polymet SA (S) Pte. Limited Vs. Shree Tel Fab Industries Private Limited

The operational creditor supplied plastic raw materials (LDPE & HDPE) to the corporate debtor and raised invoices worth about USD 245,000. The corporate debtor: made only partial payment repeatedly acknowledged the remaining debt later failed to honour settlement terms So the creditor filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 to start insolvency proceedings.

https://ibbi.gov.in/uploads/order/514b5efef4f1dc3ea8e859821daaa16f.pdf

Author Bio
profile image

Shweta Verma

briefcase Created with Sketch Beta. Company: TVA & CO LLP
Designation: CS
Location: -
Gender: female

CS Trainee View Full Profile

Comments

Be the first to leave a comment for this Article
Your Rating: