This case arises from an appeal against an order passed by the National Company Law Tribunal (NCLT), New Delhi, which admitted a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Duggal Associates Private Ltd. The operational creditor, Roofs & Ceilings Pvt. Ltd., claimed unpaid dues for the supply of roofing material. The NCLT admitted the application, leading Duggal Associates to appeal the decision.
Duggal Associates Private Ltd. (Corporate Debtor) engaged Roofs & Ceilings Pvt. Ltd. (Operational Creditor) for the supply of roofing materials for a project in Bhadohi, UP. Roofs & Ceilings supplied the materials, raising invoices totaling ₹1,66,57,721.95. Duggal Associates made partial payments, leaving an outstanding balance of ₹28,26,817.95. Despite repeated requests and an email admitting the delay, Duggal Associates failed to clear the dues. Roofs & Ceilings issued a demand notice under Section 8(1) of the Insolvency and Bankruptcy Code for ₹42,30,671.90, including interest. The demand notice was served, but Duggal Associates neither replied nor made the payment. Roofs & Ceilings filed an application under Section 9 of the IBC, which the NCLT
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Duggal Associates issued purchase order No. 37…
Duggal Associates issued a completion…
This case arises from an appeal against an order passed by the National Company Law Tribunal (NCLT), New Delhi, which admitted a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Duggal Associates Private Ltd. The operational creditor, Roofs & Ceilings Pvt. Ltd., claimed unpaid dues for the supply of roofing material. The NCLT admitted the application, leading Duggal Associates to appeal the decision.
Duggal Associates Private Ltd. (Corporate Debtor) engaged Roofs & Ceilings Pvt. Ltd. (Operational Creditor) for the supply of roofing materials for a project in Bhadohi, UP. Roofs & Ceilings supplied the materials, raising invoices totaling ₹1,66,57,721.95. Duggal Associates made partial payments, leaving an outstanding balance of ₹28,26,817.95. Despite repeated requests and an email admitting the delay, Duggal Associates failed to clear the dues. Roofs & Ceilings issued a demand notice under Section 8(1) of the Insolvency and Bankruptcy Code for ₹42,30,671.90, including interest. The demand notice was served, but Duggal Associates neither replied nor made the payment. Roofs & Ceilings filed an application under Section 9 of the IBC, which the NCLT
…Duggal Associates issued purchase order No. 37…
Duggal Associates issued a completion…