The case involves a Company Application filed by Jupiter Food Products Private Limited (Operational Creditor) against Delecto Foods Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for goods supplied. The Corporate Debtor disputed the amount, citing quality issues and shortages in supplies. The Operational Creditor issued a statutory demand notice, which the Corporate Debtor responded to, admitting liability to a lesser extent but disputing the full amount claimed.
Jupiter Food Products Private Limited (Operational Creditor) filed an application against Delecto Foods Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, for non-payment of operational debt. The Operational Creditor supplied liquid chicory and roasted chicory cubes to the Corporate Debtor. The Corporate Debtor initially paid freight charges but later stopped, showing debit notes raised by the Operational Creditor as payments of invoices. The Operational Creditor issued a statutory demand notice for Rs.58,83,226/-, which the Corporate Debtor responded to, admitting a liability of Rs.40,46,021.94 but disputing the full amount due to quality issues, shortages, and damaged drums. The Corporate Debtor claimed that the
…Sign in to view the parties.
Corporate Debtor started procuring liquid…
Operational Creditor issued a Statutory Demand…
The case involves a Company Application filed by Jupiter Food Products Private Limited (Operational Creditor) against Delecto Foods Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016. The Operational Creditor claimed that the Corporate Debtor defaulted on payments for goods supplied. The Corporate Debtor disputed the amount, citing quality issues and shortages in supplies. The Operational Creditor issued a statutory demand notice, which the Corporate Debtor responded to, admitting liability to a lesser extent but disputing the full amount claimed.
Jupiter Food Products Private Limited (Operational Creditor) filed an application against Delecto Foods Private Limited (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, for non-payment of operational debt. The Operational Creditor supplied liquid chicory and roasted chicory cubes to the Corporate Debtor. The Corporate Debtor initially paid freight charges but later stopped, showing debit notes raised by the Operational Creditor as payments of invoices. The Operational Creditor issued a statutory demand notice for Rs.58,83,226/-, which the Corporate Debtor responded to, admitting a liability of Rs.40,46,021.94 but disputing the full amount due to quality issues, shortages, and damaged drums. The Corporate Debtor claimed that the
…Corporate Debtor started procuring liquid…
Operational Creditor issued a Statutory Demand…