The case involves a Company Petition filed under Sections 433 and 434 of the Companies Act, 1956, by an Operational Creditor (Manika Moulds Pvt. Ltd.) against a Corporate Debtor (Alfa Batteries Pvt. Ltd.) for failing to make repayment for goods received, amounting to ₹15,84,873. The Corporate Debtor disputed the claim, alleging the goods supplied were faulty. The Petitioner initially filed a winding-up petition in the High Court of Bombay, which was later transferred to the NCLT due to jurisdictional changes. The NCLT is now considering the case under Section 9 of the Insolvency & Bankruptcy Code, 2016.
Manika Moulds Pvt. Ltd. (Operational Creditor) filed a Company Petition against Alfa Batteries Pvt. Ltd. (Corporate Debtor) under Sections 433 and 434 of the Companies Act, 1956, seeking repayment of ₹15,84,873 for goods supplied. The invoices were raised between 2013-10-23 and 2014-02-14 for PP Battery Containers, PP Battery Lids, PP Handles/Rope Handles, and PP Battery Vent plugs. Alfa Batteries disputed the claim, alleging the goods were faulty and provided emails dated 2013-10-09, 2013-10-29, and 2014-01-14, and a reply to the statutory notice dated 2015-07-02 as evidence. The Petitioner initially filed a winding-up petition in the High Court of Bombay, which was later transferred to the NCLT. The NCLT considered whether a pre-existing dispute existed before the
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Company Petition filed…
Corporate Debtor sent…
The case involves a Company Petition filed under Sections 433 and 434 of the Companies Act, 1956, by an Operational Creditor (Manika Moulds Pvt. Ltd.) against a Corporate Debtor (Alfa Batteries Pvt. Ltd.) for failing to make repayment for goods received, amounting to ₹15,84,873. The Corporate Debtor disputed the claim, alleging the goods supplied were faulty. The Petitioner initially filed a winding-up petition in the High Court of Bombay, which was later transferred to the NCLT due to jurisdictional changes. The NCLT is now considering the case under Section 9 of the Insolvency & Bankruptcy Code, 2016.
Manika Moulds Pvt. Ltd. (Operational Creditor) filed a Company Petition against Alfa Batteries Pvt. Ltd. (Corporate Debtor) under Sections 433 and 434 of the Companies Act, 1956, seeking repayment of ₹15,84,873 for goods supplied. The invoices were raised between 2013-10-23 and 2014-02-14 for PP Battery Containers, PP Battery Lids, PP Handles/Rope Handles, and PP Battery Vent plugs. Alfa Batteries disputed the claim, alleging the goods were faulty and provided emails dated 2013-10-09, 2013-10-29, and 2014-01-14, and a reply to the statutory notice dated 2015-07-02 as evidence. The Petitioner initially filed a winding-up petition in the High Court of Bombay, which was later transferred to the NCLT. The NCLT considered whether a pre-existing dispute existed before the
…Company Petition filed…
Corporate Debtor sent…