The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by M/s. Star Pet Trading Private Limited (Operational Creditor) against M/s. AKP Plastics Private Limited (Corporate Debtor) for defaulting in payment of ₹46,66,570 plus additional interest. The Operational Creditor supplied imported plastic raw materials to the Corporate Debtor. The Corporate Debtor issued a cheque against the dues, which was dishonored.
M/s. Star Pet Trading Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. AKP Plastics Private Limited (Corporate Debtor). The Corporate Debtor defaulted in paying ₹46,66,570 plus additional interest. The Operational Creditor had supplied imported plastic raw materials to the Corporate Debtor, raising two invoices and respective E-way bills dated 09.11.2018 and 12.12.2018. The Operational Creditor maintained a ledger statement reflecting the amount due and payable by the Corporate Debtor, which was ₹40,85,930. The Operational Creditor sent its ledger account reflecting ₹45,85,930 dues payable as on 4.11.2019 along with a claim of interest of ₹5,80,640 @18% until 30.06.2019. The Corporate
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One of the invoices…
Another invoice raised…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 by M/s. Star Pet Trading Private Limited (Operational Creditor) against M/s. AKP Plastics Private Limited (Corporate Debtor) for defaulting in payment of ₹46,66,570 plus additional interest. The Operational Creditor supplied imported plastic raw materials to the Corporate Debtor. The Corporate Debtor issued a cheque against the dues, which was dishonored.
M/s. Star Pet Trading Private Limited (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against M/s. AKP Plastics Private Limited (Corporate Debtor). The Corporate Debtor defaulted in paying ₹46,66,570 plus additional interest. The Operational Creditor had supplied imported plastic raw materials to the Corporate Debtor, raising two invoices and respective E-way bills dated 09.11.2018 and 12.12.2018. The Operational Creditor maintained a ledger statement reflecting the amount due and payable by the Corporate Debtor, which was ₹40,85,930. The Operational Creditor sent its ledger account reflecting ₹45,85,930 dues payable as on 4.11.2019 along with a claim of interest of ₹5,80,640 @18% until 30.06.2019. The Corporate
…One of the invoices…
Another invoice raised…