Mr. Rajendra Dhirajlal Thumar (Operational Creditor) filed a Section 9 IBC petition against Axle Paper Private Limited (Corporate Debtor) for an outstanding operational debt of Rs. 2,27,97,636/- plus 18% interest, arising from the supply of waste paper and finished materials. The debt became due from June 20, 2025, and a demand notice was issued on September 17, 2025.
Mr. Rajendra Dhirajlal Thumar (Proprietor of Jalaram Enterprise) is the Operational Creditor.
Axle Paper Private Limited is the Corporate Debtor, engaged in the business of manufacturing paper, Kraft Papers, Duplex etc.
The Operational Creditor is classified as a small industry with Udyam Registration No. UDYAM-GJ-20-0044819.
The total outstanding debt is Rs. 2,27,97,636/- along with interest @ 18% per annum.
The debt fell due on 20.06.2025, 15 days after the first invoice dated 04.06.2025.
The Corporate Debtor placed various purchase orders for the supply of goods and materials.
In terms of purchase orders, the Corporate Debtor agreed to make payment 15 days after invoice generation and goods were to be delivered within 15 days from the date of the purchase order.
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Corporate Debto…
The first invo…
Mr. Rajendra Dhirajlal Thumar (Operational Creditor) filed a Section 9 IBC petition against Axle Paper Private Limited (Corporate Debtor) for an outstanding operational debt of Rs. 2,27,97,636/- plus 18% interest, arising from the supply of waste paper and finished materials. The debt became due from June 20, 2025, and a demand notice was issued on September 17, 2025.
Mr. Rajendra Dhirajlal Thumar (Proprietor of Jalaram Enterprise) is the Operational Creditor.
Axle Paper Private Limited is the Corporate Debtor, engaged in the business of manufacturing paper, Kraft Papers, Duplex etc.
The Operational Creditor is classified as a small industry with Udyam Registration No. UDYAM-GJ-20-0044819.
The total outstanding debt is Rs. 2,27,97,636/- along with interest @ 18% per annum.
The debt fell due on 20.06.2025, 15 days after the first invoice dated 04.06.2025.
The Corporate Debtor placed various purchase orders for the supply of goods and materials.
In terms of purchase orders, the Corporate Debtor agreed to make payment 15 days after invoice generation and goods were to be delivered within 15 days from the date of the purchase order.
…Corporate Debto…
The first invo…