Pariman Enterprises Pvt. Ltd. filed a Company Petition seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Atlantis Life Sciences Pvt. Ltd., alleging default in payment of Rs. 14,37,808/- based on various invoices. The Corporate Debtor allegedly defaulted on 29.12.2015. The petitioner, Pariman Enterprises, is in the business of manufacturing package materials and supplied printed cartons to Atlantis Life Sciences from 15.11.2014 to 31.12.2014, raising 16 invoices. The invoices were payable within 7 days, with a 24% p.a. interest clause for late payment. A demand notice was issued on 02.12.2017.
Pariman Enterprises Pvt. Ltd. (the Petitioner) is in the business of manufacturing package materials. Atlantis Life Sciences Pvt. Ltd. (the Corporate Debtor) allegedly defaulted on payments. The Petitioner supplied printed cartons to the Corporate Debtor from 15.11.2014 to 31.12.2014, raising 16 invoices totaling Rs. 14,37,808/-. The invoices were payable within 7 days, with a 24% p.a. interest clause for late payments. The Petitioner issued a demand notice to the Corporate Debtor on 02.12.2017, claiming Rs. 14,37,808/- plus interest. The Corporate Debtor did not respond to the demand notice. The Petitioner filed an affidavit stating that the Corporate Debtor did not issue any notice of dispute. The Corporate Debtor's counsel admitted the liability and default. The
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Pariman Enterprises Pvt. Ltd. filed a Company Petition seeking to initiate the Corporate Insolvency Resolution Process (CIRP) against Atlantis Life Sciences Pvt. Ltd., alleging default in payment of Rs. 14,37,808/- based on various invoices. The Corporate Debtor allegedly defaulted on 29.12.2015. The petitioner, Pariman Enterprises, is in the business of manufacturing package materials and supplied printed cartons to Atlantis Life Sciences from 15.11.2014 to 31.12.2014, raising 16 invoices. The invoices were payable within 7 days, with a 24% p.a. interest clause for late payment. A demand notice was issued on 02.12.2017.
Pariman Enterprises Pvt. Ltd. (the Petitioner) is in the business of manufacturing package materials. Atlantis Life Sciences Pvt. Ltd. (the Corporate Debtor) allegedly defaulted on payments. The Petitioner supplied printed cartons to the Corporate Debtor from 15.11.2014 to 31.12.2014, raising 16 invoices totaling Rs. 14,37,808/-. The invoices were payable within 7 days, with a 24% p.a. interest clause for late payments. The Petitioner issued a demand notice to the Corporate Debtor on 02.12.2017, claiming Rs. 14,37,808/- plus interest. The Corporate Debtor did not respond to the demand notice. The Petitioner filed an affidavit stating that the Corporate Debtor did not issue any notice of dispute. The Corporate Debtor's counsel admitted the liability and default. The
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Pariman Enterprises Pvt. Ltd. completed the…