The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/S Jaswant International Private Limited (Operational Creditor) against M/S Callina Care Overseas Pvt. Ltd. (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt. The applicant claims that they supplied goods/materials to the corporate debtor between 31.01.2015 and 03.03.2016, and a sum of Rs. 25,86,982/- remains outstanding. Despite repeated requests and reminders, the corporate debtor failed to make the payment, leading to the issuance of a notice under Section 8 of the IBC. The corporate debtor raised a dispute regarding the quality of the material supplied.
M/S Jaswant International Private Limited (the 'Applicant' or Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/S Callina Care Overseas Pvt. Ltd. (the 'Respondent' or Corporate Debtor). The Applicant is engaged in the manufacture of multi-layer plastic films and has been a supplier to the Corporate Debtor since 2006-2007. The Applicant claims that it supplied goods/materials to the Corporate Debtor between 31.01.2015 and 03.03.2016, raising various invoices. A sum of Rs. 25,86,982/- remains outstanding. The first bill in default was issued on 31.01.2015, and the last bill was issued on 03.03.2016. The last payment of Rs 50,000 was received on 19.12.2017. The total debt due and payable by the Corporate
…Sign in to view the parties.
The first b…
The last bi…
The case involves an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/S Jaswant International Private Limited (Operational Creditor) against M/S Callina Care Overseas Pvt. Ltd. (Corporate Debtor) for initiating the Corporate Insolvency Resolution Process (CIRP) due to unpaid operational debt. The applicant claims that they supplied goods/materials to the corporate debtor between 31.01.2015 and 03.03.2016, and a sum of Rs. 25,86,982/- remains outstanding. Despite repeated requests and reminders, the corporate debtor failed to make the payment, leading to the issuance of a notice under Section 8 of the IBC. The corporate debtor raised a dispute regarding the quality of the material supplied.
M/S Jaswant International Private Limited (the 'Applicant' or Operational Creditor) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against M/S Callina Care Overseas Pvt. Ltd. (the 'Respondent' or Corporate Debtor). The Applicant is engaged in the manufacture of multi-layer plastic films and has been a supplier to the Corporate Debtor since 2006-2007. The Applicant claims that it supplied goods/materials to the Corporate Debtor between 31.01.2015 and 03.03.2016, raising various invoices. A sum of Rs. 25,86,982/- remains outstanding. The first bill in default was issued on 31.01.2015, and the last bill was issued on 03.03.2016. The last payment of Rs 50,000 was received on 19.12.2017. The total debt due and payable by the Corporate
…The first b…
The last bi…