The case involves a petition filed by Avishkar Industries (P) Ltd, the Operational Creditor, against Bevcon Wayors Private Limited, the Corporate Debtor, for defaulting on a payment of Rs. 1,84,84,210/-. The Operational Creditor claims that the Corporate Debtor failed to make the balance payment due after supplying conveyor structures and related materials based on purchase orders. The Corporate Debtor disputes the claim, alleging defective goods and raising debit notes. The Operational Creditor contends that the Corporate Debtor never raised these issues before the demand notice and that the debit notes are not part of the debt claimed in the demand notice.
Avishkar Industries (P) Ltd, the Operational Creditor, filed a petition against Bevcon Wayors Private Limited, the Corporate Debtor, claiming a default of Rs. 1,84,84,210/-. The Operational Creditor supplied conveyor structures and related materials to the Corporate Debtor based on purchase orders placed between 2015 and 2016. The payment terms were 90 to 100 days from the date of receipt of material. The Operational Creditor raised invoices, and the Corporate Debtor confirmed the delivery of materials. The Corporate Debtor paid Rs. 2,46,87,742/- but failed to pay the balance amount. The Operational Creditor issued a demand notice on 02.02.2018, which was served on the Corporate Debtor on 05.02.2018. The Corporate Debtor replied on 27.02.2018, alleging defective goods
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Corporate Debtor placed…
Corporate Debtor placed…
The case involves a petition filed by Avishkar Industries (P) Ltd, the Operational Creditor, against Bevcon Wayors Private Limited, the Corporate Debtor, for defaulting on a payment of Rs. 1,84,84,210/-. The Operational Creditor claims that the Corporate Debtor failed to make the balance payment due after supplying conveyor structures and related materials based on purchase orders. The Corporate Debtor disputes the claim, alleging defective goods and raising debit notes. The Operational Creditor contends that the Corporate Debtor never raised these issues before the demand notice and that the debit notes are not part of the debt claimed in the demand notice.
Avishkar Industries (P) Ltd, the Operational Creditor, filed a petition against Bevcon Wayors Private Limited, the Corporate Debtor, claiming a default of Rs. 1,84,84,210/-. The Operational Creditor supplied conveyor structures and related materials to the Corporate Debtor based on purchase orders placed between 2015 and 2016. The payment terms were 90 to 100 days from the date of receipt of material. The Operational Creditor raised invoices, and the Corporate Debtor confirmed the delivery of materials. The Corporate Debtor paid Rs. 2,46,87,742/- but failed to pay the balance amount. The Operational Creditor issued a demand notice on 02.02.2018, which was served on the Corporate Debtor on 05.02.2018. The Corporate Debtor replied on 27.02.2018, alleging defective goods
…Corporate Debtor placed…
Corporate Debtor placed…