The case originates from a Company Petition filed under Sections 433 & 434 of the Companies Act 1956 before the High Court of Mumbai on 2016-09-21. The petitioner, Maxim Containers Company, claimed that the corporate debtor, BHD Industries Ltd., defaulted on a payment of ₹6,40,055 plus interest for goods supplied. Due to jurisdictional transfer, the petition was moved to the NCLT. Before filing the petition, the petitioner issued a notice to the corporate debtor on 2015-12-22, stating that the corporate debtor had placed a purchase order for aluminum collapsible tubes on 2015-01-09. The petitioner delivered the goods and raised invoices. The corporate debtor disputed the claim, alleging defective goods and improper threading, leading to losses due to complaints
…Maxim Containers Company (the petitioner) filed a company petition against BHD Industries Ltd. (the corporate debtor) for non-payment of ₹6,40,055 plus interest for goods supplied. The petitioner supplied aluminum collapsible tubes to the corporate debtor based on a purchase order dated 2015-01-09. The corporate debtor claimed that the goods were defective, leading to complaints from Troge Medical GmbH, a German company. The corporate debtor compensated Troge Medical GmbH for the losses and deducted ₹6,25,000 from the petitioner's account. The corporate debtor made a payment of ₹18,70,623 on 2015-07-19, claiming it was a full and final settlement after deducting the compensation for defective goods. The petitioner filed a winding-up petition, which was later
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Corporate Debtor placed a Purchase Order…
Invoice No. 5…
The case originates from a Company Petition filed under Sections 433 & 434 of the Companies Act 1956 before the High Court of Mumbai on 2016-09-21. The petitioner, Maxim Containers Company, claimed that the corporate debtor, BHD Industries Ltd., defaulted on a payment of ₹6,40,055 plus interest for goods supplied. Due to jurisdictional transfer, the petition was moved to the NCLT. Before filing the petition, the petitioner issued a notice to the corporate debtor on 2015-12-22, stating that the corporate debtor had placed a purchase order for aluminum collapsible tubes on 2015-01-09. The petitioner delivered the goods and raised invoices. The corporate debtor disputed the claim, alleging defective goods and improper threading, leading to losses due to complaints
…Maxim Containers Company (the petitioner) filed a company petition against BHD Industries Ltd. (the corporate debtor) for non-payment of ₹6,40,055 plus interest for goods supplied. The petitioner supplied aluminum collapsible tubes to the corporate debtor based on a purchase order dated 2015-01-09. The corporate debtor claimed that the goods were defective, leading to complaints from Troge Medical GmbH, a German company. The corporate debtor compensated Troge Medical GmbH for the losses and deducted ₹6,25,000 from the petitioner's account. The corporate debtor made a payment of ₹18,70,623 on 2015-07-19, claiming it was a full and final settlement after deducting the compensation for defective goods. The petitioner filed a winding-up petition, which was later
…Corporate Debtor placed a Purchase Order…
Invoice No. 5…