This case involves an appeal against an order passed by the National Company Law Tribunal (NCLT), Jaipur Bench, which admitted a Section 9 application under the Insolvency and Bankruptcy Code, 2016 (IBC). The operational creditor filed the application claiming unpaid dues from the corporate debtor. The corporate debtor contested the application, asserting that there was a pre-existing dispute regarding the quality of goods supplied and that accounts between the parties had been settled. The NCLT admitted the application, leading the corporate debtor to file an appeal before the National Company Law Appellate Tribunal (NCLAT).
The Corporate Debtor was engaged in manufacturing bubble film rolls, woven sack bags, and foam sheets. Transactions occurred between the Corporate Debtor and the Operational Creditor since 2005. The Corporate Debtor issued purchase orders to the Operational Creditor, and payments were made periodically. The last invoice, dated June 2, 2016, amounted to Rs. 4,21,633. The Corporate Debtor did not pay this invoice due to a dispute regarding the quality of the goods. The Operational Creditor sent an email on June 3, 2016, demanding interest up to April 2016, amounting to Rs. 8,170. The Operational Creditor sent a demand notice on April 18, 2019, under Section 8 of the Code, claiming Rs. 10,20,763.84 as principal and Rs. 5,91,118.49 as interest, totaling Rs. 16,11,882.33.
…Sign in to view the parties.
Transactions began…
Last invoice issued by…
This case involves an appeal against an order passed by the National Company Law Tribunal (NCLT), Jaipur Bench, which admitted a Section 9 application under the Insolvency and Bankruptcy Code, 2016 (IBC). The operational creditor filed the application claiming unpaid dues from the corporate debtor. The corporate debtor contested the application, asserting that there was a pre-existing dispute regarding the quality of goods supplied and that accounts between the parties had been settled. The NCLT admitted the application, leading the corporate debtor to file an appeal before the National Company Law Appellate Tribunal (NCLAT).
The Corporate Debtor was engaged in manufacturing bubble film rolls, woven sack bags, and foam sheets. Transactions occurred between the Corporate Debtor and the Operational Creditor since 2005. The Corporate Debtor issued purchase orders to the Operational Creditor, and payments were made periodically. The last invoice, dated June 2, 2016, amounted to Rs. 4,21,633. The Corporate Debtor did not pay this invoice due to a dispute regarding the quality of the goods. The Operational Creditor sent an email on June 3, 2016, demanding interest up to April 2016, amounting to Rs. 8,170. The Operational Creditor sent a demand notice on April 18, 2019, under Section 8 of the Code, claiming Rs. 10,20,763.84 as principal and Rs. 5,91,118.49 as interest, totaling Rs. 16,11,882.33.
…Transactions began…
Last invoice issued by…