This case involves an appeal by a Corporate Debtor challenging an order passed by the Adjudicating Authority (National Company Law Tribunal) Chandigarh Bench, which rejected the preliminary objections raised by the Corporate Debtor. The Adjudicating Authority held that the application under Section 9 filed by the Operational Creditor was not barred by time. The Corporate Debtor, feeling aggrieved by this order, filed the appeal.
The Operational Creditor (Napin Impex Limited) supplied PVC vinyl floorings, multipurpose sheets, and other insulation products to the Corporate Debtor (Super Floorings Pvt. Ltd.) from 2018-01-03 to 2018-08-16. Payments were made by the Corporate Debtor on different dates. The last payment of Rs. 3 Lakhs was made on 2019-08-26 via bank transfer. The Operational Creditor issued a notice under Section 8 on 2022-09-16, claiming Rs. 2,14,16,735/-. The Corporate Debtor replied to the demand notice on 2022-09-28. The Section 9 application was filed on 2023-11-29. The Corporate Debtor raised a preliminary objection regarding the limitation period, arguing that the application was time-barred. The Adjudicating Authority rejected this objection, leading to the Corporate
…Sign in to view the parties.
The Operational…
The Operational…
This case involves an appeal by a Corporate Debtor challenging an order passed by the Adjudicating Authority (National Company Law Tribunal) Chandigarh Bench, which rejected the preliminary objections raised by the Corporate Debtor. The Adjudicating Authority held that the application under Section 9 filed by the Operational Creditor was not barred by time. The Corporate Debtor, feeling aggrieved by this order, filed the appeal.
The Operational Creditor (Napin Impex Limited) supplied PVC vinyl floorings, multipurpose sheets, and other insulation products to the Corporate Debtor (Super Floorings Pvt. Ltd.) from 2018-01-03 to 2018-08-16. Payments were made by the Corporate Debtor on different dates. The last payment of Rs. 3 Lakhs was made on 2019-08-26 via bank transfer. The Operational Creditor issued a notice under Section 8 on 2022-09-16, claiming Rs. 2,14,16,735/-. The Corporate Debtor replied to the demand notice on 2022-09-28. The Section 9 application was filed on 2023-11-29. The Corporate Debtor raised a preliminary objection regarding the limitation period, arguing that the application was time-barred. The Adjudicating Authority rejected this objection, leading to the Corporate
…The Operational…
The Operational…