This case involves an appeal against the Adjudicating Authority's order dated 02.01.2024, which admitted a Section 9 petition filed by the Operational Creditor and initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Operational Creditor claimed non-payment for socks supplied to the Corporate Debtor, leading to the issuance of a Section 8 Demand Notice. The Corporate Debtor contended that the demand notice was not validly served and that pre-existing disputes existed between the parties.
S.R. Garments had an agreement with the Government of Uttar Pradesh to supply socks. M/s Rameshwar Textiles Mills Private Limited (Corporate Debtor) engaged Sadhna Dye Chem (Operational Creditor) as a sub-contractor, who in turn engaged AOV Clever Knit LLP as a sub-contractor. The Operational Creditor supplied socks to the Corporate Debtor and raised six invoices amounting to Rs. 1,65,97,750/-. A Section 8 Demand Notice was issued on 24.04.2023, but delivery by post was unsuccessful. On 02.05.2023, the Demand Notice was purportedly served by email, which the Corporate Debtor claimed not to have received. On 07.07.2023, the Operational Creditor filed a Section 9 application for an operational debt of Rs. 4,29,14,887/- and purportedly served an advance copy by email on
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This case involves an appeal against the Adjudicating Authority's order dated 02.01.2024, which admitted a Section 9 petition filed by the Operational Creditor and initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor. The Operational Creditor claimed non-payment for socks supplied to the Corporate Debtor, leading to the issuance of a Section 8 Demand Notice. The Corporate Debtor contended that the demand notice was not validly served and that pre-existing disputes existed between the parties.
S.R. Garments had an agreement with the Government of Uttar Pradesh to supply socks. M/s Rameshwar Textiles Mills Private Limited (Corporate Debtor) engaged Sadhna Dye Chem (Operational Creditor) as a sub-contractor, who in turn engaged AOV Clever Knit LLP as a sub-contractor. The Operational Creditor supplied socks to the Corporate Debtor and raised six invoices amounting to Rs. 1,65,97,750/-. A Section 8 Demand Notice was issued on 24.04.2023, but delivery by post was unsuccessful. On 02.05.2023, the Demand Notice was purportedly served by email, which the Corporate Debtor claimed not to have received. On 07.07.2023, the Operational Creditor filed a Section 9 application for an operational debt of Rs. 4,29,14,887/- and purportedly served an advance copy by email on
…Start date for the issuance of six invoices by…
End date for the issuance of six invoices by…