Tetra-Pak India Pvt LTD filed a petition under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Manpasand Beverages Ltd, citing unpaid operational debt.
Tetra-Pak India Pvt LTD (Operational Creditor) filed a petition under Section 9 of the IBC against Manpasand Beverages Ltd (Corporate Debtor).
The Operational Creditor claimed a total outstanding debt of Rs. 25,34,69,071/- as of 21.09.2019, including interest.
The debt arose from Standard Packaging Material Supply Agreement and Equipment Sale Agreements between the parties.
The Corporate Debtor argued that there were pre-existing disputes, defective demand notice, and that the claims were wrongly clubbed.
The Corporate Debtor also claimed to have made payments and raised a counter-claim.
The Operational Creditor contended that the Corporate Debtor admitted the debt in subsequent letters and made partial payments.
…Sign in to view the parties.
Standard Packaging…
Outstanding…
Tetra-Pak India Pvt LTD filed a petition under Section 9 of the IBC, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against Manpasand Beverages Ltd, citing unpaid operational debt.
Tetra-Pak India Pvt LTD (Operational Creditor) filed a petition under Section 9 of the IBC against Manpasand Beverages Ltd (Corporate Debtor).
The Operational Creditor claimed a total outstanding debt of Rs. 25,34,69,071/- as of 21.09.2019, including interest.
The debt arose from Standard Packaging Material Supply Agreement and Equipment Sale Agreements between the parties.
The Corporate Debtor argued that there were pre-existing disputes, defective demand notice, and that the claims were wrongly clubbed.
The Corporate Debtor also claimed to have made payments and raised a counter-claim.
The Operational Creditor contended that the Corporate Debtor admitted the debt in subsequent letters and made partial payments.
…Standard Packaging…
Outstanding…