The application was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s SE Power Limited (Operational Creditor) to initiate the Corporate Insolvency Resolution Process (CIRP) against Chowdhry Rubber & Chemical Private Limited (Corporate Debtor). The applicant claimed that the corporate debtor defaulted on payments for goods supplied. The corporate debtor disputed the claim, alleging the supply of defective material and claiming losses.
M/s SE Power Limited (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Chowdhry Rubber & Chemical Private Limited (the corporate debtor). The applicant claimed that the corporate debtor had defaulted on payments for goods supplied between 29.02.2016 and 09.08.2016, totaling Rs 16,31,176/-. The corporate debtor made part payments, leaving an outstanding amount of Rs 8,42,863/-. The applicant issued a demand notice on 09.11.2017 under Section 8 of the IBC. The corporate debtor replied to the notice, raising a dispute regarding the quality of goods supplied and claiming losses. The applicant filed a rejoinder, asserting that the goods were of superior
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Goods were supplied and…
Goods were supplied and…
The application was filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, by M/s SE Power Limited (Operational Creditor) to initiate the Corporate Insolvency Resolution Process (CIRP) against Chowdhry Rubber & Chemical Private Limited (Corporate Debtor). The applicant claimed that the corporate debtor defaulted on payments for goods supplied. The corporate debtor disputed the claim, alleging the supply of defective material and claiming losses.
M/s SE Power Limited (the applicant) filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against Chowdhry Rubber & Chemical Private Limited (the corporate debtor). The applicant claimed that the corporate debtor had defaulted on payments for goods supplied between 29.02.2016 and 09.08.2016, totaling Rs 16,31,176/-. The corporate debtor made part payments, leaving an outstanding amount of Rs 8,42,863/-. The applicant issued a demand notice on 09.11.2017 under Section 8 of the IBC. The corporate debtor replied to the notice, raising a dispute regarding the quality of goods supplied and claiming losses. The applicant filed a rejoinder, asserting that the goods were of superior
…Goods were supplied and…
Goods were supplied and…