The case involves a petition filed by Prints Publication Private Limited, an operational creditor, against Goyal Books Overseas Pvt. Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The operational creditor supplied books to the corporate debtor, who failed to make payments for the goods delivered. The operational creditor issued demand notices and filed the petition seeking initiation of the Corporate Insolvency Resolution Process (CIRP) due to the corporate debtor's inability to liquidate the outstanding claim of Rs. 12,20,574/-.
Prints Publication Private Limited (Operational Creditor) supplied books to Goyal Books Overseas Pvt. Ltd. (Corporate Debtor). Several orders were placed and fulfilled between June and September 2017. Specifically, 572 units of books were delivered on 2017-08-05 against an order placed on 2017-06-29, amounting to Rs. 4,24,909. Another order for 191 units was delivered on 2017-08-22, with bill No. BI14 dated 2017-09-07, amounting to Rs. 1,68,648. A further order for 1104 units was delivered on 2017-09-20, with invoice No. BI17 dated 2017-09-22, amounting to Rs. 6,37,918. 218 units were returned on 2017-12-19, and a credit note of Rs. 2,21,202.95 was issued on 2018-01-09. The final amount due was Rs. 12,20,574. The Operational Creditor sent emails between 2017-09-25 and
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Corporate Debtor placed…
572 units of books were delivered to…
The case involves a petition filed by Prints Publication Private Limited, an operational creditor, against Goyal Books Overseas Pvt. Ltd., the corporate debtor, under Section 9 of the Insolvency and Bankruptcy Code (IBC), 2016. The operational creditor supplied books to the corporate debtor, who failed to make payments for the goods delivered. The operational creditor issued demand notices and filed the petition seeking initiation of the Corporate Insolvency Resolution Process (CIRP) due to the corporate debtor's inability to liquidate the outstanding claim of Rs. 12,20,574/-.
Prints Publication Private Limited (Operational Creditor) supplied books to Goyal Books Overseas Pvt. Ltd. (Corporate Debtor). Several orders were placed and fulfilled between June and September 2017. Specifically, 572 units of books were delivered on 2017-08-05 against an order placed on 2017-06-29, amounting to Rs. 4,24,909. Another order for 191 units was delivered on 2017-08-22, with bill No. BI14 dated 2017-09-07, amounting to Rs. 1,68,648. A further order for 1104 units was delivered on 2017-09-20, with invoice No. BI17 dated 2017-09-22, amounting to Rs. 6,37,918. 218 units were returned on 2017-12-19, and a credit note of Rs. 2,21,202.95 was issued on 2018-01-09. The final amount due was Rs. 12,20,574. The Operational Creditor sent emails between 2017-09-25 and
…Corporate Debtor placed…
572 units of books were delivered to…