Rumit Lifecare filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Shari Pharmachem Private Limited, claiming default in payment of an operational debt of Rs. 6,09,50,590.60, comprising principal and interest arising from the supply of goods.
Rumit Lifecare, an Operational Creditor, filed a petition under Section 9 of the IBC against Shari Pharmachem Private Limited.
The Operational Creditor claimed a total debt of Rs. 6,09,50,590.60, including principal and interest.
The Corporate Debtor denied the claim, stating that there was no agreement for interest payment and the claim was barred by limitation.
The Operational Creditor issued a demand notice in Form-3 dated 07.06.2025 under Section 8 of the IBC.
The Corporate Debtor made payments aggregating to INR 8,04,85,300, with the last payment on 14.12.2023.
The Adjudicating Authority noted that the invoices were raised in USD, and the claim was presented in INR.
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Company Petiti…
Demand Notice i…
Rumit Lifecare filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Shari Pharmachem Private Limited, claiming default in payment of an operational debt of Rs. 6,09,50,590.60, comprising principal and interest arising from the supply of goods.
Rumit Lifecare, an Operational Creditor, filed a petition under Section 9 of the IBC against Shari Pharmachem Private Limited.
The Operational Creditor claimed a total debt of Rs. 6,09,50,590.60, including principal and interest.
The Corporate Debtor denied the claim, stating that there was no agreement for interest payment and the claim was barred by limitation.
The Operational Creditor issued a demand notice in Form-3 dated 07.06.2025 under Section 8 of the IBC.
The Corporate Debtor made payments aggregating to INR 8,04,85,300, with the last payment on 14.12.2023.
The Adjudicating Authority noted that the invoices were raised in USD, and the claim was presented in INR.
…Company Petiti…
Demand Notice i…