The appeal was filed against the Adjudicating Authority's order which admitted a Section 9 application by the Operational Creditor, initiating CIRP against the Corporate Debtor.
Clothwari Printing Pvt. Ltd. (Corporate Debtor) placed an order for a digital textile printer from Insight Print Communications Pvt. Ltd. (Operational Creditor).
The purchase order was placed on 21.11.2019, and the printer was delivered on 23.11.2019.
The invoice amount was Rs 3,12,44,282/-.
The payment was required to be made after a 90-day trial period.
The Corporate Debtor made a payment of Rs 5 Lakhs on 28.09.2022.
The Operational Creditor issued a Section 8 Demand Notice on 08.12.2022 for Rs 3.07 Cr.
The Corporate Debtor sent a Notice of Dispute on 10.02.2023, claiming the printer was defective.
The Section 9 application was filed on 21.06.2023.
The Corporate Debtor claimed the Rs 5 Lakhs payment was for printer cartridges, not part-payment for the printer.
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Corporate Debto…
Printer was delivered…
The appeal was filed against the Adjudicating Authority's order which admitted a Section 9 application by the Operational Creditor, initiating CIRP against the Corporate Debtor.
Clothwari Printing Pvt. Ltd. (Corporate Debtor) placed an order for a digital textile printer from Insight Print Communications Pvt. Ltd. (Operational Creditor).
The purchase order was placed on 21.11.2019, and the printer was delivered on 23.11.2019.
The invoice amount was Rs 3,12,44,282/-.
The payment was required to be made after a 90-day trial period.
The Corporate Debtor made a payment of Rs 5 Lakhs on 28.09.2022.
The Operational Creditor issued a Section 8 Demand Notice on 08.12.2022 for Rs 3.07 Cr.
The Corporate Debtor sent a Notice of Dispute on 10.02.2023, claiming the printer was defective.
The Section 9 application was filed on 21.06.2023.
The Corporate Debtor claimed the Rs 5 Lakhs payment was for printer cartridges, not part-payment for the printer.
…Corporate Debto…
Printer was delivered…