The case involves an application filed by Silvertoan Papers Limited, an operational creditor, against BBF Home Care Products Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Insolvency Resolution Process. The application was filed due to unpaid operational debt.
Silvertoan Papers Limited (the operational creditor) filed a petition against BBF Home Care Products Limited (the corporate debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. Silvertoan Papers Limited is in the business of manufacturing and dealing in various types of paper. Commercial dealings between the parties began in 2008, with Silvertoan Papers Limited supplying goods worth ₹26,23,564 to BBF Home Care Products Limited. BBF Home Care Products Limited issued a debit note of ₹2,22,307. BBF Home Care Products Limited paid ₹16,70,566 but then stopped making payments. The outstanding amount against BBF Home Care Products Limited was ₹25,20,884, including ₹7,30,961 as the principal amount. Invoices for the goods sold are dated from 02.11.2008 to
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Commercial dealings between Silvertoan Papers…
Invoices for goods sold to BBF Home Care…
The case involves an application filed by Silvertoan Papers Limited, an operational creditor, against BBF Home Care Products Limited, the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code, 2016, for initiating the Insolvency Resolution Process. The application was filed due to unpaid operational debt.
Silvertoan Papers Limited (the operational creditor) filed a petition against BBF Home Care Products Limited (the corporate debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. Silvertoan Papers Limited is in the business of manufacturing and dealing in various types of paper. Commercial dealings between the parties began in 2008, with Silvertoan Papers Limited supplying goods worth ₹26,23,564 to BBF Home Care Products Limited. BBF Home Care Products Limited issued a debit note of ₹2,22,307. BBF Home Care Products Limited paid ₹16,70,566 but then stopped making payments. The outstanding amount against BBF Home Care Products Limited was ₹25,20,884, including ₹7,30,961 as the principal amount. Invoices for the goods sold are dated from 02.11.2008 to
…Commercial dealings between Silvertoan Papers…
Invoices for goods sold to BBF Home Care…