Empire Sony PTY Limited (Operational Creditor) filed a Section 9 IBC application against Astron Paper & Board Mill Limited (Corporate Debtor) for an unpaid operational debt of Rs.1,77,99,024.64 (USD 214,446.08) arising from the supply of corrugated waste papers. The Corporate Debtor failed to make payments despite receiving consignments and demand notices, citing financial difficulties and later alleging pre-existing disputes regarding quantity and quality.
Empire Sony PTY Limited (Applicant/Operational Creditor) filed an application under Section 9 of IBC 2016 against Astron Paper & Board Mill Limited (Respondent/Corporate Debtor).
Empire Sony PTY Limited is an Australian company registered on 17.06.2011, engaged in the business of corrugated paper.
Astron Paper & Board Mill Limited is an Indian company with its registered office in Ahmedabad.
The applicant supplied corrugated waste papers to the respondent Corporate Debtor.
An operational debt of Rs.1,77,99,024.64 (USD 214,446.08), including principal and interest, became due by the Corporate Debtor as on 20.07.2024.
The debt arose from sales orders dated 15.09.2023, 22.09.2023, and 28.03.2023, and corresponding purchase orders.
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Empire Sony PTY…
One of the sales orders…
Empire Sony PTY Limited (Operational Creditor) filed a Section 9 IBC application against Astron Paper & Board Mill Limited (Corporate Debtor) for an unpaid operational debt of Rs.1,77,99,024.64 (USD 214,446.08) arising from the supply of corrugated waste papers. The Corporate Debtor failed to make payments despite receiving consignments and demand notices, citing financial difficulties and later alleging pre-existing disputes regarding quantity and quality.
Empire Sony PTY Limited (Applicant/Operational Creditor) filed an application under Section 9 of IBC 2016 against Astron Paper & Board Mill Limited (Respondent/Corporate Debtor).
Empire Sony PTY Limited is an Australian company registered on 17.06.2011, engaged in the business of corrugated paper.
Astron Paper & Board Mill Limited is an Indian company with its registered office in Ahmedabad.
The applicant supplied corrugated waste papers to the respondent Corporate Debtor.
An operational debt of Rs.1,77,99,024.64 (USD 214,446.08), including principal and interest, became due by the Corporate Debtor as on 20.07.2024.
The debt arose from sales orders dated 15.09.2023, 22.09.2023, and 28.03.2023, and corresponding purchase orders.
…Empire Sony PTY…
One of the sales orders…