Heena Metal Private Limited filed an insolvency petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Global Extrusions Pvt. Ltd. before the Adjudicating Authority (National Company Law Tribunal, Ahmedabad Bench). The petition was based on an operational debt.
Heena Metal Private Limited (Appellant) is engaged in the business of manufacturing and trading ferrous and non-ferrous metals.
Global Extrusions Pvt. Ltd. (Respondent) is engaged in the business of manufacturing copper and zinc alloys.
The Appellant supplied materials to the Respondent from their Jamnagar Unit between 26.05.2016 to 27.06.2017, amounting to Rs. 79,44,085/-.
The Appellant purchased materials from the Respondent, and the amount of purchase was adjusted against the outstanding invoices raised against the Respondent.
The Appellant also supplied materials to the Respondent from their Mumbai Unit and raised four invoices for Rs.49,70,041/-.
The Appellant issued a Demand Notice dated 22.11.2021 to the Respondent under Section 8 of the Code.
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The Adjudicating Authority (National Company…
The National Company…
Heena Metal Private Limited filed an insolvency petition under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Global Extrusions Pvt. Ltd. before the Adjudicating Authority (National Company Law Tribunal, Ahmedabad Bench). The petition was based on an operational debt.
Heena Metal Private Limited (Appellant) is engaged in the business of manufacturing and trading ferrous and non-ferrous metals.
Global Extrusions Pvt. Ltd. (Respondent) is engaged in the business of manufacturing copper and zinc alloys.
The Appellant supplied materials to the Respondent from their Jamnagar Unit between 26.05.2016 to 27.06.2017, amounting to Rs. 79,44,085/-.
The Appellant purchased materials from the Respondent, and the amount of purchase was adjusted against the outstanding invoices raised against the Respondent.
The Appellant also supplied materials to the Respondent from their Mumbai Unit and raised four invoices for Rs.49,70,041/-.
The Appellant issued a Demand Notice dated 22.11.2021 to the Respondent under Section 8 of the Code.
…The Adjudicating Authority (National Company…
The National Company…