Sidana Enterprises, a proprietorship firm, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Bhandari Hosiery Exports Limited, alleging unpaid dues for the supply of chemicals and dyes. The application was initiated due to non-payment of invoices ranging from 19.01.2016 to 24.06.2016, totaling Rs.2,20,116/-. Bhandari Hosiery claimed a pre-existing dispute, alleging that the supplied chemicals were defective and issued a debit note of Rs.2,15,753/- unilaterally in June 2018. The Adjudicating Authority considered the arguments and evidence presented by both parties.
Sidana Enterprises, a proprietorship firm, supplied chemicals and dyes to Bhandari Hosiery Exports Limited based on verbal orders. Sidana and Bhandari Hosiery had been trading with each other since 2014. Bhandari Hosiery made payments on a bill-to-bill basis, clearing all invoices except those ranging from 19.01.2016 to 24.06.2016, amounting to Rs.2,20,116/-. The first date of default was 19.01.2016. Bhandari Hosiery sent an undated letter in June 2018, alleging that the chemicals supplied were defective and issued a debit note of Rs.2,15,753/- unilaterally. Sidana sent a demand notice on 20.08.2018, and Bhandari Hosiery responded with a notice of dispute on 28.08.2018. Bhandari Hosiery claimed that Sidana supplied defective chemicals and charged excess rates, for
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Sidana Enterprises, a proprietorship firm, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Bhandari Hosiery Exports Limited, alleging unpaid dues for the supply of chemicals and dyes. The application was initiated due to non-payment of invoices ranging from 19.01.2016 to 24.06.2016, totaling Rs.2,20,116/-. Bhandari Hosiery claimed a pre-existing dispute, alleging that the supplied chemicals were defective and issued a debit note of Rs.2,15,753/- unilaterally in June 2018. The Adjudicating Authority considered the arguments and evidence presented by both parties.
Sidana Enterprises, a proprietorship firm, supplied chemicals and dyes to Bhandari Hosiery Exports Limited based on verbal orders. Sidana and Bhandari Hosiery had been trading with each other since 2014. Bhandari Hosiery made payments on a bill-to-bill basis, clearing all invoices except those ranging from 19.01.2016 to 24.06.2016, amounting to Rs.2,20,116/-. The first date of default was 19.01.2016. Bhandari Hosiery sent an undated letter in June 2018, alleging that the chemicals supplied were defective and issued a debit note of Rs.2,15,753/- unilaterally. Sidana sent a demand notice on 20.08.2018, and Bhandari Hosiery responded with a notice of dispute on 28.08.2018. Bhandari Hosiery claimed that Sidana supplied defective chemicals and charged excess rates, for
…The first date of…
Bhandari Hosiery sent an undated letter to…