Windson Chemicals Private Limited, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Jason Dekor Private Limited, the corporate debtor, for initiation of the corporate insolvency resolution process due to unpaid dues for the supply of commercial resin. The applicant claimed that the corporate debtor owed a principal amount of Rs. 44,52,415/- for supplies made between December 2013 and February 2016, along with an interest amount of Rs. 22,84,844/-. The corporate debtor had issued cheques amounting to Rs. 19,88,229/-, which were dishonored, leading to proceedings under Section 138 of the Negotiable Instruments Act, 1881. The corporate debtor filed a quashing petition before the Hon'ble High Court of
…Windson Chemicals Private Limited (the applicant/operational creditor) filed an application against Jason Dekor Private Limited (the respondent/corporate debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the corporate insolvency resolution process. The applicant claimed that the respondent owed Rs. 44,52,415/- for supplies made between December 2013 and February 2016, along with interest of Rs. 22,84,844/-, totaling Rs. 67,37,259/-. The respondent had issued cheques amounting to Rs. 19,88,229/-, which were dishonored, leading to proceedings under Section 138 of the Negotiable Instruments Act, 1881. The respondent filed a quashing petition before the High Court, which quashed the criminal complaints. The applicant issued a demand
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Windson Chemicals Private Limited, an operational creditor, filed an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, against Jason Dekor Private Limited, the corporate debtor, for initiation of the corporate insolvency resolution process due to unpaid dues for the supply of commercial resin. The applicant claimed that the corporate debtor owed a principal amount of Rs. 44,52,415/- for supplies made between December 2013 and February 2016, along with an interest amount of Rs. 22,84,844/-. The corporate debtor had issued cheques amounting to Rs. 19,88,229/-, which were dishonored, leading to proceedings under Section 138 of the Negotiable Instruments Act, 1881. The corporate debtor filed a quashing petition before the Hon'ble High Court of
…Windson Chemicals Private Limited (the applicant/operational creditor) filed an application against Jason Dekor Private Limited (the respondent/corporate debtor) under Section 9 of the Insolvency and Bankruptcy Code, 2016, seeking initiation of the corporate insolvency resolution process. The applicant claimed that the respondent owed Rs. 44,52,415/- for supplies made between December 2013 and February 2016, along with interest of Rs. 22,84,844/-, totaling Rs. 67,37,259/-. The respondent had issued cheques amounting to Rs. 19,88,229/-, which were dishonored, leading to proceedings under Section 138 of the Negotiable Instruments Act, 1881. The respondent filed a quashing petition before the High Court, which quashed the criminal complaints. The applicant issued a demand
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