The case pertains to an application filed by Raw Edge Industrial Solution Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Anjali Infracrete Private Limited (Corporate Debtor) for an outstanding payment of Rs. 21,53,721/-. The Operational Creditor claimed to have supplied quick lime powder and transported fly ash to the Corporate Debtor between 2014 and 2017. The Corporate Debtor raised disputes regarding the quality of the supplied material, citing emails from 2018. The Operational Creditor issued a demand notice on August 29, 2017, which the Corporate Debtor allegedly did not respond to.
Raw Edge Industrial Solution Pvt Ltd (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Anjali Infracrete Pvt Ltd (Corporate Debtor) for non-payment of dues amounting to Rs. 21,53,721. The Operational Creditor claimed to have supplied quick lime powder and transported fly ash to the Corporate Debtor between 2014 and 2017. The Corporate Debtor argued that the materials supplied were of inferior quality, causing them heavy losses. They cited emails from 2018 as evidence of these quality issues. The Operational Creditor issued a demand notice on August 29, 2017, which they claim the Corporate Debtor did not respond to. The Corporate Debtor's authorized share capital is Rs. 5,00,00,000/- and paid up share capital
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The petitioner company supplied quick lime…
The debt becam…
The case pertains to an application filed by Raw Edge Industrial Solution Private Limited (Operational Creditor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Anjali Infracrete Private Limited (Corporate Debtor) for an outstanding payment of Rs. 21,53,721/-. The Operational Creditor claimed to have supplied quick lime powder and transported fly ash to the Corporate Debtor between 2014 and 2017. The Corporate Debtor raised disputes regarding the quality of the supplied material, citing emails from 2018. The Operational Creditor issued a demand notice on August 29, 2017, which the Corporate Debtor allegedly did not respond to.
Raw Edge Industrial Solution Pvt Ltd (Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 against Anjali Infracrete Pvt Ltd (Corporate Debtor) for non-payment of dues amounting to Rs. 21,53,721. The Operational Creditor claimed to have supplied quick lime powder and transported fly ash to the Corporate Debtor between 2014 and 2017. The Corporate Debtor argued that the materials supplied were of inferior quality, causing them heavy losses. They cited emails from 2018 as evidence of these quality issues. The Operational Creditor issued a demand notice on August 29, 2017, which they claim the Corporate Debtor did not respond to. The Corporate Debtor's authorized share capital is Rs. 5,00,00,000/- and paid up share capital
…The petitioner company supplied quick lime…
The debt becam…