The application was filed under Section 9 of the IBC, 2016, for the recovery of Rs. 55,66,694.76. The petitioner claimed this amount for supplying Mono Cartoons and Labels to the Corporate Debtor between 19.05.2015 and 09.12.2016, based on 17 invoices. The petitioner also issued a demand notice under Section 8 of the IBC dated 23.02.2019. The CIRP application was filed on 18.11.2019. The respondent argued that the application was filed by a proprietary concern and was not maintainable under IBC, and that the application was time-barred.
The petitioner, Rohit Sharma, filed an application under Section 9 of the IBC, 2016, seeking to recover Rs. 55,66,694.76 from the Corporate Debtor, Unigold System -Vs- Fortune Spirit Ltd., for supplying Mono Cartoons and Labels. The supplies were made between 19.05.2015 and 09.12.2016, and 17 invoices were raised. The petitioner claimed interest at 18%. A demand notice under Section 8 of the IBC was issued on 23.02.2019. The CIRP application was filed on 18.11.2019. The respondent, represented by L.D. Sahoo, Adv., argued that the application was not maintainable as it was filed by a proprietary concern, that a document enclosed was false, and that the application was time-barred. The respondent pointed out that 16 out of 17 invoices were time-barred. The petitioner
…Sign in to view the parties.
Start date of the…
End date of the period…
The application was filed under Section 9 of the IBC, 2016, for the recovery of Rs. 55,66,694.76. The petitioner claimed this amount for supplying Mono Cartoons and Labels to the Corporate Debtor between 19.05.2015 and 09.12.2016, based on 17 invoices. The petitioner also issued a demand notice under Section 8 of the IBC dated 23.02.2019. The CIRP application was filed on 18.11.2019. The respondent argued that the application was filed by a proprietary concern and was not maintainable under IBC, and that the application was time-barred.
The petitioner, Rohit Sharma, filed an application under Section 9 of the IBC, 2016, seeking to recover Rs. 55,66,694.76 from the Corporate Debtor, Unigold System -Vs- Fortune Spirit Ltd., for supplying Mono Cartoons and Labels. The supplies were made between 19.05.2015 and 09.12.2016, and 17 invoices were raised. The petitioner claimed interest at 18%. A demand notice under Section 8 of the IBC was issued on 23.02.2019. The CIRP application was filed on 18.11.2019. The respondent, represented by L.D. Sahoo, Adv., argued that the application was not maintainable as it was filed by a proprietary concern, that a document enclosed was false, and that the application was time-barred. The respondent pointed out that 16 out of 17 invoices were time-barred. The petitioner
…Start date of the…
End date of the period…