M/s Vidres India Ceramics Private Limited (Operational Creditor) filed an application under Section 9 of the IBC against M/s Sanford Vitrified Private Limited (Corporate Debtor) for a default of Rs. 2,26,40,900/- arising from the supply of ceramic raw materials. The default occurred on 12.06.2025, and demand notices were served, but the Corporate Debtor failed to make payment or raise a dispute. The Corporate Debtor raised several objections regarding the maintainability of the application, including a premature Board Resolution, discrepancies in demand notice receipt dates, non-compliance with Section 9(3)(c), incomplete GST documents, and the sufficiency of evidence for the debt.
M/s Vidres India Ceramics Private Limited (Operational Creditor) filed an application under Section 9 IBC against M/s Sanford Vitrified Private Limited (Corporate Debtor).
The default amount claimed is Rs. 2,26,40,900/-.
The default occurred on and from 12.06.2025.
The Operational Creditor is a company registered under the Companies Act, 1956, and is in the business of manufacturing and trading ceramic raw material.
The Corporate Debtor is a company registered under the Companies Act, 1956, manufacturing and trading ceramic and other related products.
The Operational Creditor supplied Ceramic Glaze Mix M and other raw materials to the Corporate Debtor.
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Applicant passed Board Resolutions authorizing…
Date of the last…
M/s Vidres India Ceramics Private Limited (Operational Creditor) filed an application under Section 9 of the IBC against M/s Sanford Vitrified Private Limited (Corporate Debtor) for a default of Rs. 2,26,40,900/- arising from the supply of ceramic raw materials. The default occurred on 12.06.2025, and demand notices were served, but the Corporate Debtor failed to make payment or raise a dispute. The Corporate Debtor raised several objections regarding the maintainability of the application, including a premature Board Resolution, discrepancies in demand notice receipt dates, non-compliance with Section 9(3)(c), incomplete GST documents, and the sufficiency of evidence for the debt.
M/s Vidres India Ceramics Private Limited (Operational Creditor) filed an application under Section 9 IBC against M/s Sanford Vitrified Private Limited (Corporate Debtor).
The default amount claimed is Rs. 2,26,40,900/-.
The default occurred on and from 12.06.2025.
The Operational Creditor is a company registered under the Companies Act, 1956, and is in the business of manufacturing and trading ceramic raw material.
The Corporate Debtor is a company registered under the Companies Act, 1956, manufacturing and trading ceramic and other related products.
The Operational Creditor supplied Ceramic Glaze Mix M and other raw materials to the Corporate Debtor.
…Applicant passed Board Resolutions authorizing…
Date of the last…