The case involves M/s. Aggarwal Elastics, the operational creditor, filing a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Anu Elastics Pvt. Ltd., the corporate debtor, for default in payment for goods supplied. Initially, the operational creditor had filed proceedings before the High Court of Delhi for winding up, which were later transferred to the NCLT. The operational creditor then withdrew the petition to file under the IBC. The corporate debtor raised objections, claiming payments were made and the claim was time-barred.
Mr. Rakesh Aggarwal, proprietor of M/s. Aggarwal Elastics, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Anu Elastics Pvt. Ltd. for default in payment for goods supplied. The operational creditor had previously initiated winding-up proceedings in the High Court of Delhi, which were later transferred to the NCLT and subsequently withdrawn. The corporate debtor raised objections, claiming payments were made and the claim was time-barred. The operational creditor argued that payments were received within the limitation period, acknowledging the outstanding liability. The corporate debtor failed to appear before the NCLT. The bills raised were for the period 31.07.2012 to 26.11.2012, and a payment of Rs. 1,25,000/- was received
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Operational Creditor issued a notice for…
The winding-up petition was transferred to…
The case involves M/s. Aggarwal Elastics, the operational creditor, filing a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Anu Elastics Pvt. Ltd., the corporate debtor, for default in payment for goods supplied. Initially, the operational creditor had filed proceedings before the High Court of Delhi for winding up, which were later transferred to the NCLT. The operational creditor then withdrew the petition to file under the IBC. The corporate debtor raised objections, claiming payments were made and the claim was time-barred.
Mr. Rakesh Aggarwal, proprietor of M/s. Aggarwal Elastics, filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/s. Anu Elastics Pvt. Ltd. for default in payment for goods supplied. The operational creditor had previously initiated winding-up proceedings in the High Court of Delhi, which were later transferred to the NCLT and subsequently withdrawn. The corporate debtor raised objections, claiming payments were made and the claim was time-barred. The operational creditor argued that payments were received within the limitation period, acknowledging the outstanding liability. The corporate debtor failed to appear before the NCLT. The bills raised were for the period 31.07.2012 to 26.11.2012, and a payment of Rs. 1,25,000/- was received
…Operational Creditor issued a notice for…
The winding-up petition was transferred to…