Mr. Deepak Kumar Gupta (Operational Creditor) filed a Section 9 IBC petition against M/s. Sumukha Automation Private Limited (Corporate Debtor) for an operational debt of ₹1,30,25,934.15, including principal and interest, arising from the supply of iron and steel raw materials. The default date was 28.01.2025, and a demand notice was issued on 06.05.2025. The Corporate Debtor contended that the principal amount was paid after the petition was filed but before admission, and that the claim for interest was not contractually agreed upon and fell below the statutory threshold if considered alone.
Mr. Deepak Kumar Gupta, proprietor of M/s. Steelkart India, is the Operational Creditor (OC) engaged in the supply and trading of iron and steel raw materials.
M/s. Sumukha Automation Private Limited is the Corporate Debtor (CD), engaged in automation and engineering solutions.
The CD issued purchase orders in November 2024 for materials, with payment terms stipulating payment within sixty days and interest on delayed payments.
The OC supplied materials as per the purchase orders and issued corresponding tax invoices.
The total operational debt claimed by the OC was ₹1,30,25,934.15/-, comprising a principal outstanding of ₹1,13,28,069.60/- and interest of ₹16,97,864.55/-.
The date of default was 28.01.2025.
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Corporate Debtor issued several purchase orders…
Operational Creditor sent an email explicitly…
Mr. Deepak Kumar Gupta (Operational Creditor) filed a Section 9 IBC petition against M/s. Sumukha Automation Private Limited (Corporate Debtor) for an operational debt of ₹1,30,25,934.15, including principal and interest, arising from the supply of iron and steel raw materials. The default date was 28.01.2025, and a demand notice was issued on 06.05.2025. The Corporate Debtor contended that the principal amount was paid after the petition was filed but before admission, and that the claim for interest was not contractually agreed upon and fell below the statutory threshold if considered alone.
Mr. Deepak Kumar Gupta, proprietor of M/s. Steelkart India, is the Operational Creditor (OC) engaged in the supply and trading of iron and steel raw materials.
M/s. Sumukha Automation Private Limited is the Corporate Debtor (CD), engaged in automation and engineering solutions.
The CD issued purchase orders in November 2024 for materials, with payment terms stipulating payment within sixty days and interest on delayed payments.
The OC supplied materials as per the purchase orders and issued corresponding tax invoices.
The total operational debt claimed by the OC was ₹1,30,25,934.15/-, comprising a principal outstanding of ₹1,13,28,069.60/- and interest of ₹16,97,864.55/-.
The date of default was 28.01.2025.
…Corporate Debtor issued several purchase orders…
Operational Creditor sent an email explicitly…