M/s Lesso Buildtech Pvt. Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Anjana Strong Doors Private Ltd. The application was based on the alleged default by the respondent in making payments for the supply of building materials. The applicant claimed that the respondent failed to make payments amounting to Rs. 9,32,776/-, including interest, despite receiving the supplied materials.
M/s Lesso Buildtech Pvt. Ltd. (the Applicant) is engaged in trading building materials. M/s Anjana Strong Doors Pvt. Ltd. (the Respondent) is in the construction business. The Respondent approached the Applicant to supply building materials to its branch office in Gurgaon. The Applicant supplied materials and raised tax invoices from March 8, 2017, to June 9, 2017. The Applicant intimated the Respondent about payments due and was assured of timely payments. However, the Respondent failed to make timely payments despite receiving the materials. The Applicant sent emails in January and March 2019 to remind the Respondent of the outstanding payments. The Respondent issued two cheques in February and March 2019, which were dishonored. The Applicant sent a demand notice on
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M/s Lesso Buildtech Pvt. Ltd. filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking to initiate Corporate Insolvency Resolution Process (CIRP) against M/s Anjana Strong Doors Private Ltd. The application was based on the alleged default by the respondent in making payments for the supply of building materials. The applicant claimed that the respondent failed to make payments amounting to Rs. 9,32,776/-, including interest, despite receiving the supplied materials.
M/s Lesso Buildtech Pvt. Ltd. (the Applicant) is engaged in trading building materials. M/s Anjana Strong Doors Pvt. Ltd. (the Respondent) is in the construction business. The Respondent approached the Applicant to supply building materials to its branch office in Gurgaon. The Applicant supplied materials and raised tax invoices from March 8, 2017, to June 9, 2017. The Applicant intimated the Respondent about payments due and was assured of timely payments. However, the Respondent failed to make timely payments despite receiving the materials. The Applicant sent emails in January and March 2019 to remind the Respondent of the outstanding payments. The Respondent issued two cheques in February and March 2019, which were dishonored. The Applicant sent a demand notice on
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