The case involves a Company Petition filed by Sarkar Packs Private Limited (Operational Creditor) against Cobit Engineering Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016. The petitioner claimed that they supplied wooden planks and boxes to the corporate debtor between 29.08.2012 and 16.05.2013 for which payment was not made, amounting to ₹13,67,299.17. The petitioner initially filed a winding-up petition under Sections 433 and 434 of the Companies Act, 1956, before the case was transferred to the NCLT due to jurisdictional changes. The corporate debtor claimed to have made a partial payment of ₹3,34,750, which the petitioner allegedly agreed to accept as full and final settlement in an email dated 09.11.2015. The petitioner
…Sarkar Packs Private Limited (Operational Creditor) filed a Company Petition against Cobit Engineering Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, claiming non-payment of ₹13,67,299.17 for goods supplied between 29.08.2012 and 16.05.2013. The petitioner initially filed a winding-up petition under the Companies Act, 1956. The corporate debtor claimed to have made a partial payment of ₹3,34,750, which the petitioner allegedly agreed to accept as full and final settlement via email on 09.11.2015. The petitioner disputes this, stating the email was sent due to financial difficulties. The corporate debtor sent a reply on 05.02.2016. The petitioner received a cheque along with the reply notice on 11.02.2016. The petitioner
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The case involves a Company Petition filed by Sarkar Packs Private Limited (Operational Creditor) against Cobit Engineering Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016. The petitioner claimed that they supplied wooden planks and boxes to the corporate debtor between 29.08.2012 and 16.05.2013 for which payment was not made, amounting to ₹13,67,299.17. The petitioner initially filed a winding-up petition under Sections 433 and 434 of the Companies Act, 1956, before the case was transferred to the NCLT due to jurisdictional changes. The corporate debtor claimed to have made a partial payment of ₹3,34,750, which the petitioner allegedly agreed to accept as full and final settlement in an email dated 09.11.2015. The petitioner
…Sarkar Packs Private Limited (Operational Creditor) filed a Company Petition against Cobit Engineering Pvt. Ltd. (Corporate Debtor) under Section 9 of the Insolvency & Bankruptcy Code, 2016, claiming non-payment of ₹13,67,299.17 for goods supplied between 29.08.2012 and 16.05.2013. The petitioner initially filed a winding-up petition under the Companies Act, 1956. The corporate debtor claimed to have made a partial payment of ₹3,34,750, which the petitioner allegedly agreed to accept as full and final settlement via email on 09.11.2015. The petitioner disputes this, stating the email was sent due to financial difficulties. The corporate debtor sent a reply on 05.02.2016. The petitioner received a cheque along with the reply notice on 11.02.2016. The petitioner
…The period for which…
The period for which…