M/s Packwell (India) Pvt Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming to be an Operational Creditor against M/s Emgee Cables and Communication Ltd., the Corporate Debtor, for default in payment of outstanding dues. The Operational Creditor supplied materials to the Corporate Debtor based on various invoices. The Corporate Debtor failed to make full payment, leading to the initiation of the insolvency proceedings.
M/s Packwell (India) Pvt Ltd. (Operational Creditor) filed a petition against M/s Emgee Cables and Communication Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, for outstanding dues. The Operational Creditor claimed that it supplied materials to the Corporate Debtor based on various invoices, but the Corporate Debtor failed to pay the full amount. The total outstanding amount was Rs. 9,77,534/-, out of which only Rs. 39,436/- was paid, leaving a balance of Rs. 9,38,098/-. The Corporate Debtor argued that the quality of goods supplied was substandard, but the court noted that no such complaint was raised before filing the reply. The Corporate Debtor also mentioned that Dena Bank, a secured creditor, had initiated proceedings under
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M/s Emgee Cab…
M/s Packwell (India) Pvt Ltd. sent a letter to…
M/s Packwell (India) Pvt Ltd. filed a petition under Section 9 of the Insolvency and Bankruptcy Code, 2016, claiming to be an Operational Creditor against M/s Emgee Cables and Communication Ltd., the Corporate Debtor, for default in payment of outstanding dues. The Operational Creditor supplied materials to the Corporate Debtor based on various invoices. The Corporate Debtor failed to make full payment, leading to the initiation of the insolvency proceedings.
M/s Packwell (India) Pvt Ltd. (Operational Creditor) filed a petition against M/s Emgee Cables and Communication Ltd. (Corporate Debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, for outstanding dues. The Operational Creditor claimed that it supplied materials to the Corporate Debtor based on various invoices, but the Corporate Debtor failed to pay the full amount. The total outstanding amount was Rs. 9,77,534/-, out of which only Rs. 39,436/- was paid, leaving a balance of Rs. 9,38,098/-. The Corporate Debtor argued that the quality of goods supplied was substandard, but the court noted that no such complaint was raised before filing the reply. The Corporate Debtor also mentioned that Dena Bank, a secured creditor, had initiated proceedings under
…M/s Emgee Cab…
M/s Packwell (India) Pvt Ltd. sent a letter to…